When applying for a mortgage, you will need to submit certain documents – depending on whether you are a private buyer, close corporation, or trust – to your application. It must be noted that different banks have different criteria’s so it is possible that you might be asked for additional documents that are not listed here.
All applications
You will be required to complete an application form.
Statement of assets and liabilities, and income and expenditure.
Proof of income.
FICA – positive identification and proof of address
Companies and close corporations
Provide a list of directors or members.
Latest financial statements signed by the directors or members and certified by a qualified accountant or accounting officer as audited.
A resolution naming the signatories for the application form.
The founding statements, if a close corporation.
The certificate of incorporation if a company
The memorandum of articles of association of the company.
A resolution by the members or directors of companies or close corporations stipulating the signatories for documents and property purchases must be provided.
Trusts
A copy of the trust deed
A resolution stipulating the signatories of the loan application
A resolution by trustees advising on the signatories for documents and property purchases
A list of trustees