Platform Home Loans Ltd v Oyston Shipways Ltd

Subject Matter

DAMAGES — Measure of damages — Surveyor's report — Plaintiff lending money on basis of surveyor's negligent valuation — Plaintiff following imprudent lending policy — Borrower's default on repayment of loan — Plaintiff obtaining possession and selling property at loss — Loss recoverable subject to reduction — Whether reduction to be applied to plaintiffs overall loss or to amount of overvaluation — Law Reform (Contributory Negligence) Act 1945, s 1

[1998] Ch 466; [2000] 2 AC 190; [1998] 3 WLR 94; [1999] 2 WLR 518

INTEREST — Award of damages — Date from which payable — Rate at which payable — Whether judge free to adopt different rates of interest where plaintiff contributorily negligent

[1998] Ch 466; [1998] 3 WLR 94

Cases Considered

Cases considered in: Platform Home Loans Ltd v Oyston Shipways Ltd [1998] 3 WLR 94, CA; [1998] Ch 466; [2000] 2 AC 190; [1999] 2 WLR 518, HL(E)


Cases considered in: Platform Home Loans Ltd v Oyston Shipways Ltd [1998] Ch 466; [1998] 3 WLR 94; [1998] 4 All ER 252, CA

Bristol and West Building Society v Fancy & Jackson [1997] 4 All ER 582 Disapproved

Cases Cited

Cases cited in: Platform Home Loans Ltd v Oyston Shipways Ltd [1998] Ch 466; [1998] 3 WLR 94; [1998] 4 All ER 252, CA

Alliance & Leicester Building Society v. Wheelers (unreported), 23 January 1997, Carnwath J.

Banque Bruxelles Lambert SA v Eagle Star Insurance Co Ltd [1995] QB 375; [1995] 2 WLR 607; [1995] 2 All ER 769, CA

Barclays Bank Plc. v. Peter Wardle Associates (unreported), 3 December 1997, Judge Behrens

Baxter v F W Gapp and Co Ltd [1939] 2 KB 271, CA

Birse Construction Ltd v Haiste Ltd [1996] 1 WLR 675; [1996] 2 All ER 1, CA

Bristol and West Building Society v Fancy & Jackson [1997] 4 All ER 582

Britannia Building Society v. Hallas (unreported), 4 July 1997, Judge Grenfell

Britannia Building Society v. White & Co. (unreported), 13 August 1997, Michael Kallipetis Q.C.

Coventry Building Society v. William Martin & Partners [1997] 2 E.G.L.R. 146

Davies v Swan Motor Co (Swansea) Ltd [1949] 2 KB 291, CA

First National Commercial Bank Plc v Humberts [1995] 2 All ER 673, CA

Friends’ Provident Life Office v Hillier Parker May & Rowden (Estates and General Plc, Third Party) [1997] QB 85; [1996] 2 WLR 123; [1995] 4 All ER 260; [1995] CLC 592, CA

Froom v Butcher [1976] QB 286; [1975] 3 WLR 379; [1975] 3 All ER 520; [1975] 2 Lloyd's Rep 478; [1975] RTR 518, CA

Interallianz Finance A.G. v. Independent Insurance Co. Ltd. (unreported), 5 June 1997, Thomas J.

Jameson v Central Electricity Generating Board [1998] QB 323; [1997] 3 WLR 151; [1997] 4 All ER 38; [1997] PIQR Q89; The Times, 25 February 1997, CA

Jones v Livox Quarries Ltd [1952] 2 QB 608, CA

Kendall Wilson Securities Ltd. v. Barraclough [1986] 1 N.Z.L.R. 576

Nykredit Mortgage Bank plc v Edward Erdman Group Ltd (formerly Edward Erdman) (No 2) [1997] 1 WLR 1627; [1998] 1 All ER 305, HL(E)

O’Connell v Jackson [1972] 1 QB 270; [1971] 3 WLR 463; [1971] 3 All ER 129; [1971] 2 Lloyd's Rep 354; [1972] RTR 51, CA

Stapley v Gypsum Mines Ltd [1953] AC 663; [1953] 3 WLR 279; [1953] 2 All ER 478, HL

Swingcastle Ltd v Alastair Gibson (A Firm) [1991] 2 AC 223; [1990] 1 WLR 1236g; [1991] 2 WLR 1091; [1991] 2 All ER 353, HL(E)

U.C.B. Bank Plc. v. Pinder (unreported), 2 December 1997, Jonathan Playford Q.C.


Cases cited in: Platform Home Loans Ltd v Oyston Shipways Ltd [2000] 2 AC 190; [1999] 2 WLR 518; [1999] 1 All ER 833, HL(E)

Birse Construction Ltd v Haiste Ltd [1996] 1 WLR 675; [1996] 2 All ER 1, CA

Bristol and West Building Society v Fancy & Jackson [1997] 4 All ER 582

Caparo Industries plc v Dickman [1990] 2 AC 605; [1990] 2 WLR 358; [1990] 1 All ER 568; [1990] BCLC 273; [1990] BCC 164; The Times, 12 February 1990, HL(E)

County Ltd v Girozentrale Securities [1996] 3 All ER 834; [1996] 1 BCLC 653, CA

Davies v. Swan Motor Co. (Swansea) Ltd. [1949] 2 K.B. 291; [1949] 1 All E.R. 620, C.A.

Drinkwater v Kimber [1952] 2 QB 281, CA

Froom v Butcher [1976] QB 286; [1975] 3 WLR 379; [1975] 3 All ER 520; [1975] 2 Lloyd's Rep 478; [1975] RTR 518, CA

Hadley v. Baxendale (1854) 9 Exch. 341

Jones v Livox Quarries Ltd [1952] 2 QB 608, CA

MGICA (1992) Ltd. (formerly MGICA Ltd.) v. Kenny & Good Pty. Ltd. (1996) 140 A.L.R. 313

Mortgage Express Ltd v Bowerman & Partners [1995] QB 375; [1995] 2 WLR 607; [1995] 2 All ER 769, CA

Nykredit Mortgage Bank plc v Edward Erdman Group Ltd (formerly Edward Erdman) (No 2) [1997] 1 WLR 1627; [1998] 1 All ER 305, HL(E)

Overseas Tankship (UK) Ltd v Morts Dock & Engineering Co Ltd (The Wagon Mound) [1961] AC 388; [1961] 2 WLR 126; [1961] 1 All ER 404; [1961] 1 Lloyd's Rep 1, PC

O’Connell v Jackson [1972] 1 QB 270; [1971] 3 WLR 463; [1971] 3 All ER 129; [1971] 2 Lloyd's Rep 354; [1972] RTR 51, CA

Polemis & Furness, Withy & Co, In re [1921] 3 KB 560, CA

Smith v Eric S Bush [1990] 1 AC 831; [1989] 2 WLR 790; [1989] 2 All ER 514; 87 LGR 685; (1989) 21 HLR 424; [1989] 18 EG 99; [1989] 17 EG 68; (1989) 139 NLJ 576; (1989) 133 SJ 597, HL(E)

Stapley v Gypsum Mines Ltd [1953] AC 663; [1953] 3 WLR 279; [1953] 2 All ER 478, HL

Sutherland Shire Council v. Heyman (1985) 157 C.L.R. 424

Cases citing

Cases citing: Platform Home Loans Ltd v Oyston Shipways Ltd [1998] Ch 466; [1998] 3 WLR 94; [1998] 4 All ER 252, CA

Taberna Europe CDO II plc v Selskabet AF1 (formerly Roskilde Bank A/S) [2016] EWCA Civ 1262; [2017] QB 633; [2017] 2 WLR 803; [2017] 3 All ER 1046; [2017] 2 All ER (Comm) 605; [2017] 1 BCLC 319; [2016] WLR (D) 660, CA


Cases citing: Platform Home Loans Ltd v Oyston Shipways Ltd [2000] 2 AC 190; [1999] 2 WLR 518; [1999] 1 All ER 833, HL(E)

Arab Bank Plc v John D Wood Commercial Ltd [2000] 1 WLR 857, CA

Astle v CBRE Ltd [2015] EWHC 3189 (Ch); [2015] CN 1754, Ch D

Axa Insurance Ltd v Akther & Darby [2009] EWCA Civ 1166; [2010] 1 WLR 1662; [2009] WLR (D) 329, CA

Bank of Tokyo v Baskan [2009] EWHC 1276 (Ch), Ch D

Barclays Bank Plc v Christie Owen & Davies Ltd (t/a Christie & Co) [2016] EWHC 2351 (Ch), Ch D

Connaught Income Fund, Series 1 v Hewetts Solicitors [2016] EWHC 2286 (Ch), Ch D

Deutsche Morgan Grenfell Group plc v Inland Revenue Comrs [2005] EWCA Civ 78; [2006] Ch 243; [2006] 2 WLR 103; [2005] 3 All ER 1025; [2005] STC 329, CA

Eastgate Group Ltd v Lindsey Morden Group Inc (Smith & Williamson, Part 20 defendant) [2001] EWCA Civ 1446; [2002] 1 WLR 642; [2001] 2 All ER (Comm) 1050, CA

Experience Hendrix v Times Newspapers Ltd [2010] EWHC 1986 (Ch), Ch D

Gooden v Northamptonshire County Council [2001] EWCA Civ 1744, CA

Governor and Co of the Bank of Ireland v Faithful & Gould Ltd (CBRE Ltd, Part 20 defendant) [2014] EWHC 2217 (TCC); [2014] CN 1749, QBD

Hughes-Holland v BPE Solicitors [2017] UKSC 21; [2018] AC 599; [2017] 2 WLR 1029; [2017] 3 All ER 969; [2017] WLR (D) 199; Case details, SC(E)

Manchester Building Society v Grant Thornton llp [2021] UKSC 20; [2022] AC 783; [2021] 3 WLR 81; [2021] 4 All ER 1; [2022] 1 All ER (Comm) 409; The Times, 30 June 2021, SC(E)

Manchester Building Society v Grant Thornton llp [2019] EWCA Civ 40; [2019] 1 WLR 4610; [2019] 4 All ER 90; [2019] WLR (D) 49; [2019] WLR(D) 49, CA

Manchester Building Society v Grant Thornton llp [2018] EWHC 963 (Comm), QBD

Meadows v Khan [2021] UKSC 21; [2022] AC 852; [2021] 3 WLR 147; [2021] 4 All ER 65; The Times, 29 June 2021, SC(E)

Nationwide Building Society (formerly Cheshire Building Society) v Dunlop Haywards (DHL) Ltd [2009] EWHC 254 (Comm); [2010] 1 WLR 258; [2009] 2 All ER (Comm) 714; [2009] 1 Lloyd's Rep 447, QBD

Natixis SA v Marex Financial Ltd [2019] EWHC 3163 (Comm); [2020] 2 All ER (Comm) 807, QBD

Paratus AMC Ltd v Countrywide Surveyors [2011] EWHC 3307 (Ch), Ch D

Pratley v Surrey County Council [2003] EWCA Civ 1067; [2004] ICR 159, CA

Sowden v Lodge [2004] EWCA Civ 1370; [2005] 1 WLR 2129; [2005] 1 All ER 581, CA

Swynson Ltd v Lowick Rose llp (formerly Hurst Morrison Thomson llp) [2015] EWCA Civ 629; [2016] 1 WLR 1045; [2015] WLR (D) 278, CA

The Governor & Co Of The Bank Of Ireland v Faithful & Gould Ltd [2014] EWHC 2217 (TCC), TCC

The Home Office v Wainwright and Anr [2001] EWCA Civ 2081, CA

Wainwright v Home Office [2001] EWCA Civ 2081; [2002] QB 1334; [2002] 3 WLR 405; [2003] 3 All ER 943, CA

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