Required Documents
The exact list of documents and necessary forms to be completed will be provided to you by your mortgage broker according to the requirements of your chosen bank.
The consultation and all services for preparing loan application documents are completely free of charge for Creditchoice clients.
Every bank has its own specific requirements and application forms for loans. Most often, the required documents include:
Documents Proving Identity and Income
- Copy of the identity document (ID card or other official identification).
- Certificate of monthly income issued by the employer, using the bank’s template.
- Copy of the employment contract (if required by the bank).
- Copy of a civil contract (or other type of agreement), tax returns, statements of paid amounts, documents for paid taxes, etc. – when proving income from non-employment contracts (e.g., self-employment).
- Documents for the company’s registration and BULSTAT (company registration number), accounting reports (or financial statements), documents for paid taxes, etc., when proving income from business activities.
- And other documents, depending on the specifics of the income being proven.
For a Mortgage Loan
In addition to the documents listed above, the following are needed:
Documents on Marital Status and Absence of Public Liabilities of the Applicant and Property Owners
- Copy of the identity documents of the property owners.
- Certificate of No Tax Liabilities under Art. 87, par. 6 of the Tax and Social Insurance Procedure Code (TSIPC) in the name of the mortgagor debtors – issued by the National Revenue Agency (NRA) at the place of residence.
- Certificate of marital status for the loan applicants and the owners of the property serving as collateral.
Documents Proving Ownership of the Property
- Title Deed (Notary Act) or another document proving ownership of the property.
- In the case of inherited properties, a Certificate of Heirs and documents proving the right of ownership.
- Preliminary Contract of Sale for the property being purchased and documents for advance payments made under it (if the loan is targeted for the purchase of a home).
- Current Tax Assessment of the property that will serve as collateral for the loan, issued by the relevant tax office at the location of the property.
- Certificate from the relevant regional Geodesy, Cartography and Cadastre Agency (AGKK) regarding the existence or absence of entries in the cadastral map and cadastral registers for the property to be mortgaged.
- Cadastral Map Excerpt of the property to be mortgaged in favour of the bank – only in cases where the property is purchased with the land included or ideal parts of the land.
- Certificate of Presence or Absence of Encumbrances on the property (including the land/yard) to be mortgaged, covering a period of at least 10 years back.
- Certificate of Occupancy Permit for the property to be mortgaged (Issued by the respective municipality at the property’s location, or by the Directorate for National Construction Control (DNSK), if the property was purchased at the “structural work” construction stage).
- Market Valuation of the property, prepared by an independent licensed appraiser or an appraiser from the chosen bank.
- When purchasing from a construction company: A protocol decision of the company’s competent body for the sale of the property, including a defined selling price; the Articles of Association and a Certificate of Good Standing of the construction company.
- And other documents, depending on the specifics of the property and the requirements of your chosen bank.