Sunday, 05 September 2010
Requirements
 BZWBK 'Buy to Let' Mortgage Package

Statement of Income
Statement of Assets/Liabilities
Certified copy of Passport ( AIB Branch or professional )
Copies of personal main account bank statements for the past six months

Documentation Required: Contract Employed

Contract of Employment

Confirmation of salary by the receipt of copies of the last 6 monthly payslips and last two annual tax returns (e.g. P60 in Ireland).

Documentation Required: Self Employed

A full explanation of type of business and copies of the last two years financial statements signed by a suitably qualified accountant.

Letter from accountant stating last three years tax affairs paid and up-to-date ( and level of taxation paid )

Business account bank statements for the last six months

After agreement and before disbursement the following will be arranged

BZWBK Bank account to be opened. It is a stipulation that rental income on the property must be mandated to this account and the mortgage will be taken directly from this account.

A net rental income calculation template in respect of the property being purchased,

A valuation of the property carried out by a recognised professional valuer in all cases together with an opinion on the potential rental income.

Confirmation that purchaser can buy and get unencumbered legal title to the property - ( Notarial Deed ).

Insurance on the property assigned to the bank.

Bridging insurance to protect purchase until applicants name entered into Land And Mortgage Registry.

( Warsaw Properties can help organise all of the above mentioned documents in Poland )