The Mortgage Lending Value (MLV): proposal for a new calculation procedure
| Autor: | Antonio Benvenuti, Francesca Salvo, Daniela Tavano |
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| Jazyk: | English<br />Italian |
| Rok vydání: | 2024 |
| Předmět: | |
| Zdroj: | Aestimum, Vol 83 (2024) |
| Druh dokumentu: | article |
| ISSN: | 1592-6117 1724-2118 |
| DOI: | 10.36253/aestim-14725 |
| Popis: | The mortgage lending value (MLV) is a type of value different from the market value (MV). The MLV appraisal is normally required in loans secured by real estate (collateral) context. In Italy, this appraisal is often made in percentage terms or with subjective criteria that do not consider the reference principles also defined by the valuation standards. This paper, starting from the analysis of the German procedure to appraise the MLV, which is the first country to introduce the concept of a security value in the context of property valuations, aims to propose a more precise procedure than the German one by adopting calculation methodologies typical of the income approach which are based on the principles derived from the definition of mortgage lending value and from market trends. The case is made that the proposed methodology and calculation procedure provide a more objective method to appraise the MLV compared to the current ones, in accordance with both national and international valuation standards, and that it represents a useful tool in the professional field. |
| Databáze: | Directory of Open Access Journals |
| Externí odkaz: |
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