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Building Societies

Volume 115: debated on Tuesday 5 May 1987

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asked the Chancellor of the Exchequer whether he will introduce legislation to prevent the building societies from relying on a disclaimer in mortgage applications to avoid liability to purchasers of property for negligence on the part of the societies' own surveyor.

[pursuant to his reply]: No. Section 2(2) of the Unfair Contract Terms Act 1977 already provides that a person cannot by reference to any contract term or notice exclude or restrict his liability for negligence except in so far as the term or notice satisfies the requirement of reasonableness.