Hypothecary value rating regulation

Regulations for determining the value of a property that came into force on August 1, 2006, from the German Federal Financial Supervisory Authority (BaFin). In principle, the determination of the mortgage lending value must be based on – the future salability of the property – taking into account the long-term (noncurrent), sustainable characteristics of the property, – normal regional market conditions, and – current and possible other uses – as part of a prudent valuation. – See amortization, negative, collateral value, coverage test, first-lien default clause, mortgage loan, real estate bubble, real estate prices, real estate loan, homeownership. – Cf. 2006 Annual Report of BaFin, p. 119 (basic features of the BelWertV).

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University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.
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