Mortgage Application-Institution

MORTGAGE APPLICATION FORM - INSTITUTIONS

Branch	Vetting Officer	Date


	Section 1 (Personal Details)
Name Of Business
Nature of business
Registered business premises:
Postal address
Telephone Numbers
Fax Numbers
E-mail Address
Bankers

	Section 2 (Details of other properties owned by institution)

Do you presently own a house or houses? :	Yes No (If yes, please give details as below ) (*Optional)


House / Plot No.	Location	Mortgaged
		Yes No(*Optional)
		Yes No(*Optional)
		Yes No(*Optional)

If any of your houses are mortgaged, please indicate the details of the institution they are mortgaged to

(*Optional)


	Section 3 (Details of Directors/Trustees, etc)


Name	Nationality	Address


Telephone	Fax	E-Mail


Bankers


Name	Nationality	Address


Telephone	Fax	E-Mail


Bankers


Name	Nationality	Address


Telephone	Fax	E-Mail


Bankers


Name	Nationality	Address


Telephone	Fax	E-Mail


Bankers


Has any of the directors ever been declared insolvent or assigned his/her estate or reached a compromise with creditors?	Yes No

If Yes give details
Give particulars of any civil judgment or writ of execution given within the past five years against the company or any of its directors


Give particulars of any other financial commitments, e.g. Hire Purchases, Bank Loans, et cetera


Amount Borrowed	Amount Still Outstanding	Lending Institution	Details Of Security	Purpose

	Section 4 (Loan Details)

Amount required: K
Cash deposit available from own resources: K
Amount of loan required :K
Repayment period preferred (in years):
Purpose for which loan is required (purchase of assets, working capital, et cetera)

	Section 5 (property Details)
Exact location of property to be mortgaged
Plot number and location:
City / Town:
Nature of premises :private dwelling house, flats, shops, business premises, et cetera)
State if freehold or leasehold
Approximate area of land :
Number of storeys
No. and description of rooms
Construction of walls (Bricks, Blocks, et cetera)
Construction of walls (Bricks, Blocks, et cetera)
Construction of roof (Tiles, Asbestos, IBR, Thatch)
Are roads made up and tarred?	Yes No
Name and address of present owner
Telephone Number
In whose possession are the title deeds?

	Section 6 (Existing Property Details)
	NB. This section is to be completed if the premises are complete and ready for occupation. In all other cases, section 6 should be completed

Has an occupation certificate been granted?	Yes No
Do you intend to make any structural alterations or additions to the premises?	Yes No
Services available
	Sewerage :Mains
	Water : Mains
	Electricity: Mains
	Septic tank
	Borehole
	Other

State how Bank’s valuer may obtain access

	NB The Bank reserves the right to insure the property with an insurance company of its choice and the premiums will be built on to the monthly instalments.

	Section 7 (Premises to be built or incomplete at time of application)

Cost of land: K	(*Optional)
Architect fees :K	(*Optional)
Construction cost/estimated cost of buildings: K	(*Optional)
Quantity surveyors’ fees :K	(*Optional)

Are plans approved by local authorities ?	Yes No (*Optional)
Name of Architect/Quantity Surveyor who prepared the plans	(*Optional)
Name of Architect/Engineer supervising construction	(*Optional)
What stage, if any, has been reached in construction	(*Optional)
Name and address of builder or contractor	(*Optional)

	Section 8 (Additional information)

Do you have immediate cash resources for legal fees and valuation fees?	Yes No
How much?:K
Details of current investments with the Bank
Type of Investment	Amount	Account Number
	Kwacha
	Kwacha
	Kwacha

	If the loan is to be supported by a guarantee, the guarantor should indicate his/her willingness to act by giving the following details:
Full names:
Residential address:
Postal address
Telephone number

	Section 9 (Declaration)

Please read the following carefully before you submit:

I/We declare and agree that:

1. We are of full age.

2. All the information given in this Form No. NBS2 is true.

3. The Bank may make such enquiries including reference to our past and present employer(s) and my banker(s) as it considers necessary.

4. We will pay the survey/valuation fees and any reasonable costs and expenses required by the Bank in dealing with this application whether or not a loan is received by us.

5. The payment of survey/valuation fee does not bind the Bank to make an advance. This fee is not refundable.

6. In the event of the Bank making an advance to assist me/us in the purchase/building of the property, the making of the advance will not imply any warranty by the Bank, that the purchase price/building cost of the property is reasonable.

7. We agree that the property shall be insured from the date of the advance with such insurer and for such amount and against such risks as the Bank shall in its discretion deem advisable.

8. The Bank shall not be bound to make any advance payment to us before the mortgage is registered.

9. We agree to comply with the rules and minimum specifications of the Bank for the time being in force and that we shall be solely liable for any deviation therefrom.

10. We confirm it is clearly understood that the report on the property by the Bank’s Valuer/Quantity Surveyor is confidential to the Bank, is intended solely for the information of the Directors in determining what loan, if any, may be made on the security and that no responsibility is implied or accepted by the Bank for either the value or condition of the property by reason of such inspection and report.

11. We acknowledge liability for the administration fees and wasted costs incurred by the Bank or its attorneys in the event of our withdrawing from the loan granted.

12. We declare the foregoing statements and particulars to be true and the same shall form the basis of any arrangement for a loan (if any) made to us by the Bank.

13. We acknowledge that the Directors are jointly, severally and solidarily liable on the loan both in their official and personal capacities.