HSBC: Documents For Mortgage Application

July 13, 2015

[Advice column by HSBC Bermuda]

We have finally saved enough money for a down payment and ready to purchase our first home. It is an exciting time for us so I want to prepare and make the mortgage application process as smooth as possible. What documents will I need to give the bank?

Congratulations on reaching such an amazing milestone! It’s a great idea to collect all the required documentation before applying for a mortgage, it can potentially speedup the process for you. You will need to present the following documents:

  • Letter or contract from current employer and pay stubs/statements to verify income
  • If self-employed/ business owner – Payroll Tax Returns from within the last 12 months or 2 years financial statements
  • Valid photo identification [passport, Bermuda driver’s license]
  • Copy of rental agreement if rental income is being received and statements to verify income is being received
  • Also, please consult your lawyer to ensure that you are compliant with the Bermuda Immigration and Protection Act 1954 [as amended]

Before disbursement of a Mortgage the following documents will be needed:

  • Signed Sales and Purchase agreement
  • Copy of Home Insurance policy

To learn more about HSBC mortgages click here.

Issued by HSBC Bank Bermuda Limited which is licensed to conduct Banking and Investment Business by the Bermuda Monetary Authority.

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