Home Loan Requirements

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The financing of your new home is vital to the successful conclusion of your offer to purchase. This can be a daunting task, but let Bondsource offer you the Best Advice and provide exceptional service throughout the financing of your home loan. All this at no cost to you. To enable Bondsource to process and approve your home loan finances with no delay. The following documentation is necessary:

01	Natural Persons – Salary Earnings Copy of the offer to purchase. Completed application form (including assets and liabilities and income and expenditure statements). Copy of a suitable ID document. Latest salary advice as conformation of your earnings. Latest 3 months authentic bank statements (bank stamped) reflecting your salary deposits. Internet printed statements are not accepted.   Note: Non-Standard Bank clients who want to utilize Standard Bank Home Loan options must submit 3 months bank statements.
02	Self Employed Persons Copy of ID. Completed application form. Auditors letter confirming monthly drawings. Financial statements (IRP5 or management accounts if financial statements not available). 3 months business bank statements (6 months if available)   Note: Non-Standard Bank clients who want to utilize Standard Bank Home Loan options must submit 6 months bank statements.
03	Commission / Overtime Earnings 6 months salary slips and 6 months personal bank statements. Internet printed statements are not accepted.
04	Closed Corporation / trust / Propriety Limited Company Documentation as per natural persons for all members. Latest financial statements for Trust or CC (excluding own if self employed). CK1 and CK2 documentation / Deed of Trust. Letter of authority if one of multiple members applying. 3 months business bank statements (6 months if available). Internet printed statements are not accepted. Note: Non-Standard Bank clients who want to utilize Standard Bank Home Loan options must submit 6 months bank statements.
05	Your Loan Consultants Will Assist You With Loan Finance, By Doing The Following: Ensure that your loan application is 100% completed together with all supporting documentation. Qualify you for the loan in terms of your gross income. Carry out necessary credit checks Advise you of all the costs relating to the transaction. Structure the best LOAN package deal to suit your individual needs. Answer all your questions that relate to the financing of your home. Assist you through the entire process of your property transaction.
At bondsource we understand that the purchase of your new home is an important decision and we aim to satisfy your requirements. Should you require further explanation or assistance at any stage of the process, please speak to Kay: 031 566 6968.