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Ordinary Mortgage- Company

The ordinary mortgage loan is designed to assist corporates to access loans for purchase or construction of properties with security for investment. The product has the following requirements:

  1. Company Profile
  2. Directors copy IDs-certified
  3. Directors Proof of res
  4. Board resolution to borrow
  5. Authority sought memo
  6. 2 years financial statements (income statement, statement of financial position and cash flow statement)
  7. 1 year cash flow projection
  8. 6 months bank statements
  9. Management accounts
  10. Bank report
  11. CR 14, CR6, Certificate of Incorporation, Memorandum & Articles of Association (CR2 or shareholding certificates where shareholders in the Memo and Articles differ from CR14), Tax Clearance, Ultimate Beneficial Details
  12. Open a Homesave Account with FBC Building Society
  13. Details of current and running loans with other banks and supporting documentation thereof where applicable
  14. Mortgage Valuation fees 1%
  15. Mortgage Establishment Fees 1.5%