Thinking about buying a home? Get a head start and have all your source documentation ready
Completing an application through us, is just one of the many things you need to do in order to obtain home financing. You will also need to provide a variety of documentation to help your lender. The information required will vary depending on the lender you choose, your loan option, and your personal financial situation.
Various documents are generally required when applying for a new home loan. For a fast and easy loan process - have these items available when you are ready to complete your application.
The documents normally required can be determined from the following matrix:
Document |
Salary Earners (each party) |
CC’s / Trusts / Companies |
Sole Proprietors |
Commission / Overtime earners |
Self employed by own company / CC |
Copy of offer to purchase |
Yes |
Yes |
Yes |
Yes |
Yes |
Copy of identity document |
Yes |
Yes |
Yes |
Yes |
Yes |
Latest Salary slip |
Yes |
|
|
Yes |
|
3 consecutive months salary slips |
|
|
|
Yes |
|
3 months bank statements evidencing deposit of income / commission / maintenance etc |
Yes |
|
Yes |
Yes |
Yes |
Application |
Yes |
Yes |
Yes |
Yes |
Yes |
Commission statement |
|
|
|
Yes |
|
Statutory documentation (trust deed, company or CC registration) |
|
Yes |
|
|
|
Financial statements of business, CC or company |
|
Yes |
Yes |
|
Yes |
Letter from auditor / accounting officer confirming income |
|
|
Yes |
|
Yes |
Personal statement of assets and liabilities |
Yes |
Yes |
Yes |
Yes |
Yes |
|
|
|
|
|
|
Other Aspects:
- Copies of bank statements must validate earning as disclosed on application.
- Where maintenance or rentals form part of income, bank statements should be supported by a copy of the divorce decree or lese agreement as applicable.
- Rehabilitation insolvents need to have been rehabilitated for more than 12 months and provide a copy of the rehabilitation order.
- If an employee guarantee is provided:
If a state employee: form z572/3 is required.
Other employees: letter of intent from company
In an established complex, a copy of the latest audited sheet of the body corporate.
For a new complex not yet approved by the bank, a sectional title plan may be required.
Special additional documents will be required.
Copy of contractors NHBRC (not applicable for further advances)
Copy of provisional / approved plans
Copy of detailed tender / quotation
Signed minimum specifications and schedule of finishes
Signed builders waiver of lien
- SA Citizens working overseas:
Copy of valid employment contract (minimum duration 12 months)
Income and expenditure in currency that monthly income is received
NB: While different banks my not require all the above documents in specific cases, it is always advisable to check on any specific requirements before relaxing any above criteria. |
