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Yianni and another v Edwin Evans & Sons In October 1974 the owners if a house discovered serious defects in it stemming from subsidence and distortion in the foundations. Without remedying the defects the owners sold the house to P in about April 1975. P carried out extensive repairs and redecoration to the house but did not remedy the defects in the foundations. Later in 1975 P offered to sell the house to the plaintiffs, who were of modest means and were looking for an inexpensive house. The plaintiffs decided to buy the house at P’s asking price of £15,000 if they could obtain a loan of £12,000 from a building society. Accordingly they applied to a building society for a loan of £12,00 and paid to the society a survey fee for the valuation of the property which under s 25a of the Building Society Act 1962, the society was required to carry out.
Approximate Word count = 566
Approximate Pages = 2.3
(250 words per page double spaced)
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