What documents are needed for a mortgage?

When applying for a mortgage to buy your dream property, you have to take care of many important matters. These include assembling the necessary documentation. What documents are needed for a mortgage? We present the full list with descriptions.

• Essential income documents for a mortgage – salaried employees
• Documentation – civil law contracts and self-employment
• Personal documents
• Certificates concerning other financial commitments
• Certificates concerning the property being purchased

Essential income documents for a mortgage – salaried employees

To ask a bank for money, we must submit certificates confirming the level of our income. This is a necessary requirement for our request to be considered. A person working under an employment contract must present a certificate of employment and earnings issued by the employer. The list of documents required to obtain a mortgage is available at the bank branch or on its website. You just need to pick up the forms at the branch or download them online and, once completed, add them to the documentation you are assembling. A bank account statement for a period of 3 to as many as 12 months is also required. It is meant to substantiate the income received. Some banks also need a PIT tax return, a certificate of previous employment (świadectwo pracy) or an employment contract.

Documentation – civil law contracts and self-employment

It is true that you can apply for a mortgage even if you do not work under an employment contract. Those who earn income under a contract of mandate, a contract for specific work or their own business can also obtain extra cash. In the first case the following are required: last year's PIT tax return, invoices for the work performed and contracts covering a period of 12 to 24 months. Yet another set is required for people earning income from running a business. In this case the documents needed for a mortgage are: a certificate of no arrears towards the Social Insurance Institution (ZUS) and the tax office, PIT-36 (or 36-L) tax returns, a certificate of entry in the Central Registration and Information on Business (CEIDG), decisions assigning REGON and NIP numbers, and printouts from the revenue and expense ledger.

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Personal documents

During a visit to the bank we must present, understandably, a document proving our identity. For Polish citizens this is an identity card, for foreigners a passport. Those in a marriage with a prenuptial agreement must submit that document, notarially certified, for inspection. For divorced persons or those legally separated, a court judgment confirming that status is required.

Certificates concerning other financial commitments

Those who are repaying debts to financial institutions other than a mortgage must present the relevant certificates and forms. In this case you need to submit a loan servicing certificate (or a certificate of its repayment), loan agreements and certificates confirming the current outstanding balance of the debt.

READ ALSO – HOW TO CHECK YOUR CREDITWORTHINESS FOR A MORTGAGE?

Certificates concerning the property being purchased

The essential feature of a mortgage is its purpose, namely the purchase of a property. This means we must present documentation relating to the house or flat. When buying on the primary market, a preliminary agreement (umowa przedwstępna) signed with the developer must be submitted. Next, you need to assemble an extract from the land and mortgage register (księga wieczysta) of the land, an extract from the land register, and annotations concerning the developer or housing cooperative. Let us not forget the building permit either. When buying a property on the secondary market, the following are required: the preliminary agreement for its purchase, an extract from the land and mortgage register kept for the property, a document confirming the seller's title to the property, and a certificate from the cooperative concerning the allocation.

When assembling quite an extensive set of documents, you may run into unexpected problems. Entrusting these matters to specialists is often a good solution. Those representing the Katowice estate agency REMAX Gold will come to your aid when necessary.