Building Loan

The following documents should be submitted:

Copy of the title deeds for the property being built
Proof of income in USD (letter from employer confirming monthly net income and how it is paid )
Current 3 months Bank Statements where USD income is being deposited
Loan statements (if the individual is borrowed elsewhere)
Copy of certified ID
2 passport-size photos
Current Proof of residence
Confirmation letter of employment from employer highlighting retirement age
Approved building plan
Bill of Quantities/ Quotations from reputable suppliers
Council Stage approvals if the building is already in progress
Structural Engineers report if the building is a double-storey already under construction.

Board Resolution (on company letterhead) to borrow if the applicant is a Company or a Family Trust.
Certified copy of Certificate of Incorporation
Certified copy of CR14
Certified copy of CR6
Memorandum and articles of association
Certified copy of national ID for the person representing the Company

**Certified Copy of the Special Power of attorney should be submitted for all loans where the borrower is being represented by a 3rd party.

Homelink will send the property intended to be built for valuation after submission of the above documents & applicants pays for the valuation fees. Once the application is successful, applicants need to pay the following (within 2 weeks of our offer letter): 2% of the loan amount as processing fee Mortgage application fee 1% Supervision fee Annual Insurance Bond fees (approximately 5% of the value of the property or as invoiced by the lawyers)

Requirements