22/11/2016
Documents required for a new home loan application
Salaried applicants
• Latest 3 months consecutive payslips. Must be verifiable in bank account.
• If in receipt of allowances, commission or variable pay, then 6 months’ latest consecutive payslips are required
• Detailed Income and Expenditure statement, signed by applicant(s)
• Latest 3 months’ bank statements, stamped by the bank, not Internet statements
• If in receipt of variable income, then 6 months’ latest statements will be required
• Statement of Assets and Liabilities, signed by applicant(s)
• If applicant is not a SA citizen, copy of residence and work permits
• Rental contracts in respect of any rental income which may be used in assessing affordability.
• Clear copy of Identity document(s)
• Offer to Purchase (Providing correct property & sales detail upfront. To be signed by all parties.)
Self-employed applicants
(Including sole proprietors and small businesses)
• Latest 2 years audited business financial statements
• Letter from auditor confirming personal income
• If financials are more than 6 months old, then up-to-date, signed management accounts are required
• Cash flow forecast for ensuing twelve months
• Personal statement of Assets and Liabilities
• Personal & business bank statements (Absa: covering latest 12 month period; other banks 6 months)
• IT34
• Company/CC/Trust – statutory documents
• Identity document(s) of directors/members/ Trustees
• Offer to Purchase (Providing correct property & sales detail upfront. To be signed by all parties.)
