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General Mortgage Requirements

Property details

  • Copy of the sales agreement with details of the property or Sale offer
  • Copy of the valid land title
  • Valuation of property

Borrower’s personal details

  • 2 passport size photos (4 for some Banks)
  • Identification documents (Employer Identity card / Driving permit / Copy of passport / Voter’s card)
  • Copy of financial card or fill in the Credit Reference Bureau Form
  • Spousal consent, 2 passport photos & valid identification of spouse
  • Authenticated Bank statement for at least 12 months
  • Authenticated Loan statement & copy of Loan offer in case of existing loans with other Banks
  • Tenancy agreements & Copy of Land title (in case of rental property)

Salary Earners

  • Letter from the employer confirming terms of employment
  • Pay slips for 3-6 consecutive months depends on Bank

Self Employed Individuals

  • A Certified copy of Audited Financial statements for the past two years
  • A Certified copy of Certificate of incorporation
  • A Certified copy of Memorandum and articles of association
  • A Certified copy of Company’s form 7
  • A Certified copy of Board resolution to borrow (if it’s a company borrowing)

Requirements for Construction (Property Developers)

Property details

  • Copy of the valid land title
  • Copy of the approved building plans
  • Photographs of at least four elevations of the building
  • Bills of quantities of the outstanding work

Other requirements are the same as above (Borrower’s personal details)

Note: For clients in the Diaspora the following must be notarized

  • Power of Attorney
  • Mortgage Application Form
  • Passport Photos

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Please contact our Terraces properties Support Team for further assistance. Tel. +27 (0)861 111 724