Related provisions for MIPRU 4.2F.51

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MIPRU 4.2F.56GRP
The application of value adjustments to either the secured or the unsecured component of an exposure secured on residential property may be illustrated on the basis of a £110,000 loan on a property valued at £100,000, where £80,000 of the loan is secured, £30,000 of the exposure is unsecured and a value adjustment of £20,000 is taken.(1) Value adjustment applied to unsecured component:(a) Value adjustment of £20,000 taken on £30,000 unsecured exposure.(b) Value adjustment exceeds