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Proof of ID

Proof of Residence

To obtain mortgage funds a client will have to prove his/her residence for the past three years. This may be done in two ways -

• Confirmation of residency through the electoral (voters) register.
• Some other other of identification such as a utility bill, showing the client's name and address will be required for each of the three years.

Again these are standard requirements of most lenders.

Proof of Identity

In more recent years, lender have required some form of identification from the applicant. This may take the form of a driving license or passport.

It is also quite common these days for the lender to request bank statements, especially for new borrowers. Bank statements offer the dual purpose of proof of identity and the client's ability to pay current liabilities.

Your home may be repossessed if you do not keep up repayments on your mortgage.

A fee may be charged for advising on or arranging mortgages of between 1 and 3% of the sum borrowed. The exact amount will depend upon your circumstances but we estimate it will be 1% of the loan amont.