What Documents Will I Need When Applying for a Mortgage?
WHAT DOCUMENTS WILL I NEED?
Wondering what you need? Prepare these documents ahead of time.
For a mortgage on an existing property:
A letter from your employer indicating present salary, position and length of service.
Proof of Identity
Proof of down payment and source of funds (copies of at least 3 month’s recent bank statements).
If you are self-employed, the last three years’ financial statements and copies of your income tax returns.
Letter of offer from the seller of the property supported by a valuation of the property by one of Sagicor’s approved valuers.
A copy of the plot plan and proof of ownership (Conveyance/Certificate of Title).
For a mortgage to build:
Copies of approved plans by the relevant government agencies.
Quantity Surveyor/Architect’s/Contractor’s cost estimate.
Estimated value of the property on completion (projected valuation report).