Required Documents

 

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 (Fully completed and signed by both Seller and Buyer). A minimum of one witness required to verify and validate Seller and Buyer signatures.

 

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 (Covering latest 6 month period – all banks) - Each page stamped by bank branch.

• IT34

• Company/CC/Trust – statutory documents

• Identity document(s) of directors/members/ Trustees

• Offer to Purchase (Fully completed and signed by both Seller and Buyer). A minimum of one witness required to verify and validate Seller and Buyer signatures.

 

Please note that the above list is a guidline only and the banks may call for additional information and documents.