How to apply for a home loan?

To apply for a home loan, you will need to gather the following documents:

1. Proof of identity (ID or passport)
2. Proof of residence (utility bill or lease agreement) – not required
3. Proof of income (payslips, bank statements)
4. Proof of employment (employment contract)
5. Credit report (to show your credit history)
6. Property valuation report (if required by the bank)
7. Completed application form from the bank or bond originator (click on our link below for assistance from a Home Loans Specialist) – https://qrco.de/Consep

For Full-Time Employees:

• Clear copy of ID document for all applicants (Front & Back if it’s a smart card)
• Latest 3 months’ pay slips if income is fixed, or latest 6 months’ pay slips if commission or overtime is earned
• Latest 3 months’ stamped bank statements showing the last three salary deposits (downloadable from your banking app)

For Self-Employed Applicants:

• Clear copy of ID document for all applicants (Front & Back if it’s a smart card)
• Latest 2 years’ signed business financial statements
• Signed management accounts not older than 2 months, if applicable
• Letter from auditor/bookkeeper confirming gross and net monthly salary
• Letter from auditor/bookkeeper confirming all personal expenses paid by the business
• Latest 6 months’ stamped bank statements for the business account (downloadable from your banking app)
• Latest 3 months stamped personal bank statements showing the last three salary deposits (downloadable from your banking app)
• Company registration documentation

Once you have gathered all the necessary documents, you can either visit the bank in person or submit your application online through their website. If you choose to use a bond originator (home loans specialist), they will assist you in completing the application and will submit it to multiple banks on your behalf.

Once the application is received by the home loans specialist, a review will be done of all the documents and your application submitted to the banks. The Home Loans Specialist will also be in touch to ensure all paperwork is in order. Upon approval of your application, you will be contacted to discuss the best rate and other important details and terms of the loan.

At this stage, the estate agent will be informed that the property purchase is confirmed and forward the necessary documents to the attorneys to proceed with the registration of your bond and the transfer of the property into your name. The attorneys will then contact you to set up an appointment for the signing of documents.

The purpose of a home loans specialist is to make your home loan application process as easy as possible by submitting your application to the major banks and ensuring you have the best possible options to choose from.

The services of our partner, Consep Bonds powered by Mortgage Max, are provided free of charge, giving you the opportunity to compare and select the best mortgage offers for your long-term financial commitment.

After submitting your application, the bank will review your documents, assess your financial situation, and conduct a credit check. They will then provide you with a loan offer which includes the amount they are willing to lend you, the interest rate, and the terms and conditions of the loan.

If you are happy with the loan offer, you can accept it and move forward with the home buying process. The bank will then arrange for a property valuation and finalize the loan agreement. Once everything is in place, you can proceed with the purchase of your new home.

Remember to carefully review the terms and conditions of the loan before signing anything and make sure you can comfortably afford the monthly repayments. Good luck with your home loan application!