Mortgage Checklist

• One (1) Valid unexpired national photo identification
• One (1) valid proof of address (deed, recent utility bill, tax assessment or financial institution/bank statement)
• Salaried Individuals: Letter of employment and Pay slip(s) showing the most recent full monthly income
  
• Commissioned Income: Letter of employment and last 6 months pay slips
• Self Employed Individuals:
        ·       Business registration / License, and most recent Annual Return (as applicable), and
        ·       Income documents, e.g., Income Tax Returns (last 2 years) or Audited Financial Statements(last 2 years), and six  (6) months bank statements

• Source of downpayment – account statement, letter signed by donor& borrower if a gift
• Proof of assets in the name of the Borrower: Statements showing investments or bank statements, copy of land title or motor vehicle title, Pension Statements, Last valuation of property
• Proof of Liabilities in the name of the Borrower: Credit card, Loan or Mortgage statement

• Agreement of Sale or Proforma Invoice  
  
• Current Appraisal ordered in the name of Scotiabank, documents needed: Mortgage Deed/Certificate of Title
• Service Charge statement – if you are a home owner
• Home Insurance statement – if you are a home owner
• Maintenance fee statement (as applicable where there is a Homeowners’ Association for Townhouses, Condominiums, Apartments
• Completion certificate for properties < 4 years old (if applicable)
• Any other to support loan purpose

• Evidence of home insurance and assignment to the Bank
• Original Surveyor’s Identification not more than 12 months free of  encroachments and covenant breaches  
• Well and sceptic certificates (if applicable)
• Up to date water authority bill/clearance certificate
• Incomplete Development: Certificate of practical completion (if applicable)
• Up to date lease rent/maintenance fee receipt (if applicable)
• Lease land: Lease agreement showing expiry for > 5 years after mortgage maturity (if applicable)
• Copy of share certificate/Article of Association of the administrative company (if applicable)
• Updated credit bureau (if applicable)
• If seller has a mortgage, you should request to obtain a release or release in Escrow with settlement letter

Use our helpful Mortgage Calculators to calculate the mortgage you can afford.