Mortgage Application 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

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

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