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If you already own a home but wish to buy another investment property for the purpose of renting it out to tenants, then our Buy- to- Let product is the mortgage to facilitate this.


facts you should know

Features

Loan Purpose – To purchase a home as an investment. Tenure – 10 to 15 years. Debt Burden - Not more than 40% of net income Maximum Facility Limit – Up to 80% of property price. Repayment – Fixed Monthly Repayment.

What's in it for me?

Access to a dedicated relationship officer to handle all activities in relation to mortgage facility. Available funds to purchase a home which serves as an investment for the client. Easy access to insurance facilities for the mortgage facility. Competitive charges. Transparent terms and conditions. Flexibility to purchase your building from a preferred real estate company or private vendor.

Eligibility

Property must be residential. Applicant must pay off the loan before their 60th birthday. Vendor must be the valid owner of the property (ownership evidenced by Land Title Certificate or Fully Registered Indenture or any other document acceptable to GHL Bank).


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What we will need from you

  1. Completed GHL Bank Mortgage Application form by the Applicant
  2. Proof of income – Three (3) months current salary slips/stubs or other sources of income
  3. 3 months recent bank statements
  4. Proof of Identity – Two (2) forms of identity (passport, license, etc.)
  5. Photo Identification – Two (2) passport pictures
  6. Proof of address (2 different utility bills/ tenancy agreements etc.)
  7. Offer letter from vendor
  8. Credit report ( Experian/ Equifax/Transunion)
  9. Pictures of the property

 

Additional Required Documentation for Self-Employed Applicants

  1. Certificate of incorporation and certificate to commence business 3 years audited financial statements
  2. Company code: o Limited liability companies- Form 3 & 4 o Sole proprietors- Form A
  3. 3 years company bank statement & 1 year personal bank statement (if applicable)