The number of legal actions against estate agents and chartered surveyors has significantly fallen according to figures from a City legal firm.
RPC, in a survey reported in the Law Gazette, says claims against estate agents and surveyors fell by 65 per cent last year, from 193 in 2013 to 67 in 2014. This happens as a six-year window for lenders bringing claims related to the 2008 crash draws to a close.
The Law Gazette cites RPC partner Alexandra Anderson saying that claimants had a six-year window in which they can launch legal proceedings against a valuer. “Now this period has passed, claims relating to falling house prices incurred during the recession have dropped off” she says.