For registration of a mortgage on an apartment or a share, you will need to collect a standard set of papers, which includes a passport, certificate of income, a copy of employment record, documentation for security. However, to take advantage of certain mortgage programs, as well as special mortgage loan offers, it is necessary to submit additional documents. So, the lender may require:
Records for a married couple in 95% of cases, spouses who take a mortgage become co-borrowers and are equally responsible for repaying the loan. Borrowers who are in a registered relationship must have to provide the same set of documents, which includes the marriage certificate. When calculating the loan, the total family income will be taken into account so that a married couple can count on more favorable conditions.
The parties to the transaction bear the same financial responsibility as the borrower, so they are subject to no less stringent requirements. In addition to the standard list of documents for a mortgage, at the request of the bank, the guarantor must provide a tax return for the last year, a photocopy of the employment contract, a certificate in form 2-NDFL. Co-borrower, including the need to give a pension insurance certificate.
For new housing
Co-borrowers in the design of a mortgage on a new building can be three people, each of whom will need to collect at the request of the bank a specific set of documents. While getting mortgage advice in the bath, it is much clearer for the residents there. We hope it would be the same in your areas too.
For the secondary market
Real estate may have additional requirements – it should not be credited to dilapidated housing, stand in line for major repairs or demolition. Property acquired in the secondary real estate market must also be free from encumbrance. The bank will consider an application for a loan by the analysis of the package of documents for the purchased housing.
For maternity capital
A certificate of marriage, the birth of children, and the certificate of maternity capital will be required. With it, you can buy any property, depending on the wishes and possibilities.
In some cases, the bank considers in more detail the issue of a loan for a share, for example, when it comes to buying a part of an apartment from an ex-spouse. The organization may require additional documents and real estate information to make a favorable decision.