Checklist

• One passport size photo taken within six months of the application.
• Certified Copy of ID / Passport
• Certified proof of current residence ( dated 3 months at most )
• Certified or original proof of earnings/ payslip with company stamp (Not more than 2 months,)
• Confirmation letter of employment from employer on letter head stating maximum mortgage qualification and retirement age
• Two Copies of agreement of sale for purchases of property (i.e. original plus copy)
• Copy of Title Deed
• Certificate of compliance (applicable when purchasing a stand) Or Verification of Survey certificate
• Site plan showing all the neighbouring stands (applicable when purchasing a stand)
• Quotations from reputable suppliers for building loans/bill of quantities.
• Copy of approved Plans for building loans
• Proof of Deposit (15%)
• Proof of Legal fees- 10%-13% of purchase price (estimate)
• Salary Account (where applicable)
• 6 months bank statement
• Application fee receipt $100
• Fully completed application form
• Disclosure of other borrowings
• Fully completed guarantee forms (if loan is guaranteed by 3rd party)
• Statement of net worth of guarantor (if loan is guaranteed by 3rd party)

ADDITIONAL REQUIREMENTS (Where applicable)

Ordinary Mortgage loans for properties in company names:
i. Board Resolution (on company letter head) to sell the property signed by at least 2 directors. Resolution should state the name of person authorized to sign on behalf of the company.
ii. Certified copy of Certificate of Incorporation
iii. Certified copy of CR14
iv. Certified copy of CR6
v. Memorandum and articles of association
vi. Certified copy of national ID for the person who is representing the company.

Purchase of property owned by a deceased

i. Certified copy of the letter of administration issued by the High Court should be submitted.
ii. Certified copy of the letter from the High Court authorizing the sale of the property making reference to Section 120 of the Administration of Estates Act (Chapter 6:01).
iii. Certified copy of the Death Certificate.

**Certified Copy of the Special Power of attorney should be submitted for all loans where either the borrower or the seller is being represented by a 3rd party.