Taylor v Legal and General Partnership Services Ltd 7/10/22 (Ch)

In a professional negligence claim against a mortgage broker, the court considered the scope of the broker’s duty. The broker owed a duty to take reasonable care to ensure the suitability of their advice and to take reasonable steps to obtain from a customer all relevant information. However the scope of that duty did not extend to consideration of whether the customer/borrower intended to apply the monies raised in a financially prudent way and there was no duty to decline to recommend a mortgage until such time as the customer/borrower had obtained independent financial advice in respect of a proposed investment opportunity. The claim would in any event have been statute barred for limitation reasons.