Can use valuers rental estimate even if higher than actual existing rent
Our standard acceptability
Indicates if a lender can potentially use the valuers estimate when assessing loan affordability even if the actual rent being received is less than the estimate. For example this situation could arrise on remortgage applications where the existing tenant is paying below the market estimate (based on the valuers rental valuation).
Family Building Society will use actual rent if lower than the valuers estimateCriteria categories:
29 August 2018