Buying Property - Your Required Documentation

DOCUMENTS REQUIRED FOR A BOND APPLICATION

You will be asked for the following documentation when applying for a home loan, please be sure to have all the documentation needed ready, as bond originators are powerless without the proper documentation, with a delay in your home loan application as result.

EMPLOYED SOUTH AFRICAN CLIENTS

1. Proof of income (if commission or overtime is earned, 6 last month's consecutive payslips)
2. 3 months NON-INTERNET personal banking statements (reflecting at least 3 salary deposits) for salaried earners.
3. Copy of S A Identity document
4. Signed personal statement of Income & Expenditure
5. Signed personal statement of Assets and Liabilities
6. Lease agreements where other properties are owned and a rental is being received (If applicable)
7. Maintenance agreements only where maintenance is being received and this amount can be confirmed in your banking statements. (If applicable)

EMPLOYED NON-SOUTH AFRICAN CLIENTS – WORKING IN SOUTH AFRICA

1. Proof of income (if commission or overtime is earned 6 latest and consecutive payslips)
2. 3 months NON-INTERNET personal banking statements (reflecting at least 3 salary deposits) for salaried earners.
3. A copy of Passport
4. Valid working permit
5. Copy of employment contract
6. Signed personal statement of Income & Expenditure
7. Signed personal statement of Assets and liabilities
8. Permanent South AFRICAN RESIDENCE CERTIFICATE if applicable

EMPLOYED SOUTH AFRICAN CLIENTS – WORKING OUTSIDE THE BORDERS OF SOUTH AFRICA

1. Proof of income (if commission or overtime is earned 6 latest and consecutive payslips)
2. 3 months NON-INTERNET personal banking statements (reflecting at least 3 salary deposits) for salaried earners.
3. Copy of S A Identity document
4. Valid employment contract
5. Signed personal statement of Income & Expenditure
6. Signed personal statement of assets and liabilities
7. Lease agreements where other properties are owned and a rental is being received (If applicable)
8. Maintenance agreements only where maintenance is being received and this amount can be confirmed in your banking statements. (If applicable)

PENSIONERS APPLYING FOR BOND FINANCE

1. Latest pension statement directly from pension company
2. 3 months NON-INTERNET personal banking statements (reflecting at least 3 deposits of income)
3. Copy of S A Identity document
4. If offering a Life Insurance Policy as security, we would need a full copy of the document
5. Personal statement of Income & Expenditure
6. Personal statement of Assets and Liabilities
7. Lease agreements where other properties are owned and a rental is being received (If applicable)

SELF EMPLOYED CLIENTS

ABSA

• A copy of your ID
• A letter from your accountant/auditor confirming your monthly drawings from the business
• 3 years consecutive financial statements on the business
• The latest management accounts on the business ( not older than 2 months)
• A cashflow forecast for the next 12 months on the business
• A statement of signed assets and liabilities ( please see attached)
• A statement of signed income and expenditure ( please see attached)
• If you receive rental income from your existing property, I will need a copy of the lease agreement.

FNB

• A copy of your ID
• 2 years consecutive financial statements on the business
• The latest management accounts on the business ( not older than 2 months)
• A signed statement of assets and liabilities ( please see attached)
• A signed statement of income and expenditure ( please see attached)
• If you receive rental income from your existing property, I will need a copy of the lease agreement

Nedbank

• A copy of your ID
• A letter from your accountant/auditor confirming your monthly drawings from the business
• The latest financial statements on the business
• The latest management accounts on the business ( not older than 2 months)
• 6 months ( non internet) personal banking statements
• 6 months ( non internet) business banking statements
• A statement of signed assets and liabilities ( please see attached)
• A statement of signed income and expenditure ( please see attached)
• If you receive rental income from your existing property, I will need a copy of the lease agreement

Standard Bank

• A copy of your ID
• A letter from your accountant/auditor confirming your monthly drawings from the business
• The latest financial statements on the business
• The latest management accounts on the business ( not older than 2 months)
• 6 months ( non internet) personal banking statements
• 6 months ( non internet) business banking statements
• A signed statement of assets and liabilities ( please see attached)
• A signed statement of income and expenditure ( please see attached)
• If you receive rental income from your existing property, I will need a copy of the lease agreement