Article 6 Evidence of residential use under article 3(b)
A society shall be entitled to be satisfied (in the absence of evidence to the contrary) that the requirement in article 3(b) is satisfied if it receives both—
(a)
a statement supported by the signature of the borrower which relates to the land on which the advance is to be secured and states—
(i)
which rooms of the buildings he or his dependant intends to reside in;
(ii)
the intended use of the remaining rooms;
(iii)
the intended use of the grounds; and
(b)
a valuer’s certificate stating that the residential area within that land (as indicated by the borrower’s statement) is not less than forty per cent of the total area of that land.