Mortgage Loan
We have enetered into a Pari Passu Arrangement with National Housing Trust (NHT) to make it easier for you!
Terms
- First time homeowners
- 10% of loan required as ‘free’ shares
- 10% share saving upon repayment
- Up to 40 yrs to repay, depending on age
- Up to 30 years to repay if loan is for building on own land
- Salary Deduction only (no over-counter payments)
*Conditions Apply
General Documents Needed
- Valid ID
- Current valuation of property
- Finalized sale agreement
- Eligibility letter from NHT or other lending institution
- Representation Letter from Attorney assisting with proposed purchase
- Status of Water Rate/Bill for property
NB: Disbursement will be done in three stages with an inspection after each stage.
Self Employed
- Certificate of registration for business – business must be registered for a minimum of one year with financial statements to reflect the last three years of operation.
- Bank printout of salary account for the last year
- Employment and Income Verification Letter from Accountant verifying monthly salary.
Not sure if you qualify for a mortgage loan?
View the Checklists Below
To purchase land and/ or property
- Job Letter
- Last three months’ payslips
- Last six months bank printout of salary account
- Credit Check Forms (2)
- Sales Agreement of at least 90 days duration with a minimum of 60 days left for completion of transaction from the date of submission of the application.
- Valuation report with existing value and expected future value from a qualified professional.
- Surveyor Report done by a qualified professional.
- Deposit Receipt
- Statement of Account from Vendors Attorney
- Letter of Commitment/ Eligibility letter from other financial institution
- TRN
- NIS
- Valid ID
- Proof of Address
To build on land or to improve existing dwelling
- Job Letter
- Last three months’ payslips
- Last six months bank printout of salary account
- Credit Check Forms (2)
- House Plan with Approval from the relevant parish council.
- Valuation report with existing value and expected future value from a qualified professional.
- Surveyor Report done by a qualified professional.
- Bill of Quantity from a qualified professional (licensed contractor or quantity surveyor)
- Proof of ownership
- Statement of Account from lien holders
- TRN
- NIS
- Valid ID
- Proof of Address
Mortgage loans using equity in property
- Job Letter
- Last three months’ payslips
- Last six months bank printout of salary account
- Credit Check Forms (2)
- Valuation report with existing value from a qualified professional.
- Surveyor Report done by a qualified professional.
- Proof of ownership
- Statement of Account from lien holders
- TRN
- NIS
- Valid ID
- Proof of Address