UAE Currency
Residential Home Loan Application Form Please complete this application in black ink and BLOCK capitals or tick as required In order to complete the application process you will need to provide us with the original documentation referred to in our welcome email to you including but not limited to the following: bank statements, salary certificate, passport, UAE Residence Visa (if already held), full details of the property you intend to buy and details of the vendor of the property. 1. Personal Details Reference: Mortgage Advisor: First Applicant
Second Applicant
(dd/mm/yyyy)
(dd/mm/yyyy)
Title (eg. Mr) Name (as on passport) Date and place of birth Nationality Passport Number Date of expiry Physical address (including Landmark) Home Telephone Work telephone (including extension) Email address 1 Email address 2 Mobile number Marital Status
Married Divorced
Single Separated
Widowed
Married Divorced
Single Separated
Widowed
Number of dependents (and ages) Previous name (if changed in last 3 years) 2. Residential Details First Applicant Residential status in UAE Time at current address
Owner occupier Tenant ......................
Second Applicant Living with parents Other .............................................
Years ...................... Months
Owner occupier Tenant ......................
Living with parents Other .............................................
Years ...................... Months
If your address has changed in the past 3 years please advise (if more than one address held, please provide details using the space provided at the end of this application form)
Previous address Date of change Time at previous address
......................
Years ...................... Months
......................
Years ...................... Months
If you have an address in your home country please provide details below: Residential Status in home country: Address in home country Telephone Number Mobile Number Reference in home country
Owner occupier Tenant
Living with parents Other .............................................
Owner occupier Tenant
Living with parents Other .............................................
3. Employment Details First Applicant
Second Applicant
Employment status
Employed Unemployed
Self employed Receiving a pension Other ............................................
Employed Unemployed
Self employed Receiving a pension Other ............................................
Employment category
Permanent
Fixed term Contract
Permanent
Fixed term Contract
Temporary
Temporary
Occupation Present employer and address Date employment started Nature of business Previous employer name and address
(If changed in last 3 years)
Date previous employment started If a company director or self-employed, what amount of the share capital do you own? Name of company
..........................................................................................................................................
..........................................................................................................................................
Date company established
Date company established
First Applicant
Second Applicant
Company address and contact details Average net profit for last two years 4. Income
How are you paid
Direct to Bank Cash
Cheque Other ................................
Direct to Bank Cash
Cheque Other ................................
Annual earnings (please state currency) Gross basic income Guaranteed allowances
Guaranteed annual bonus Other regular income Source of other income When are you paid
Monthly
Weekly
Other
Monthly
Weekly
Other
If monthly which date are you paid Normal monthly salary Have you ever been declared bankrupt or made arrangements with creditors in the United Arab Emirates, your home country or any other jurisdiction: First Applicant: Yes No Second Applicant: Yes No If either of you has answered ‘Yes’ to the above question please provide additional information, or please call us to discuss your application. Additional space is available at the end of this form.
5. Assets List below: Savings, Shares, Assets, Policies, Bonds (state jurisdiction and currency) First Applicant:
Second Applicant:
6. Monthly Expenditure State currency First Applicant
Second Applicant
Rent Home Loan and Related Insurance School Fees Utilities eg. Electric, Water Telephone Living Expenses Entertainment Regular Savings / Investments / Insurance Other Expenses (please specify) Other Financial Commitments LIST BELOW ALL CREDIT CARD REPAYMENTS, LOANS, OVERDRAFTS, RELATED INSURANCE PAYMENTS/HOME LOAN PAYMENTS (if required, please provide additional details using the space provided at the end of this application form). Company/Bank
Amount owing
Monthly payments
7. New Home Loan Details Type of Home Loan required Joint Sole Equity Release Loan (ERL) Purpose of ERL (if applicable) .................................................................................................................................................................. Preferred repayment date between 1st and 10th of the month .......... / .......... / .................... Rate type required 3 Months EIBOR Purchase Price of property: Amount AED ..................................................................................................... Home Loan Required: Amount AED ........................................................................................ Home Loan Tenor: ..................................................................................................... How will you raise the deposit*: Savings Gift Sale of property Other: (please specify) ..................................................................................... ..................................................................................... * Documentary evidence of funds for the deposit will be required in order to get the pre-approval.
No of payments remaining
8. Details of your new property Please provide the following details of the property you are intending to buy. Property address and location ......................................................................................................................................................................................................................................................................................................................... ..................................................................................................................................................................................................................................................................................................................................................................................................................
Property Details: Freehold Detached villa Apartment No of bedrooms
Leasehold* Semi-detached villa Total in tower No of bathrooms
Term of Lease remaining No of stories Air conditioning - eg central, split Year property built
Townhouse No of floors Servants quarters
* In case of leasehold appartment, a block insurance policy is required.
Who will be the registered owner(s) of the property: (This is required to be the same as the name(s) on the Home Loan loan)
Name Name
................................................................................................................................................................................ ................................................................................................................................................................................
Other occupants of the property Name.......................................................................... .......................................................................................................... Date of birth .......... / .......... / .................... Name.......................................................................... .......................................................................................................... Date of birth .......... / .......... / .................... Name.......................................................................... .......................................................................................................... Date of birth .......... / .......... / .................... Name.......................................................................... .......................................................................................................... Date of birth .......... / .......... / .................... Name.......................................................................... .......................................................................................................... Date of birth .......... / .......... / .................... Will the property be used for owner occupation Will the property be used for Investment
Yes Yes
No No
The following questions and those in any subsequent sections about you and your family refer to you, your husband, wife, or co-applicant, children (including foster children) relatives, your resident domestic employees, and all others who normally live with you. Is, or will, the property to be insured: a) be occupied by anyone other than you or your family b) be used for any trade, business, or professional purpose c) in a good state of repair and will it be so maintained at all times d) expected to need repairs or other work within the next 12 months other than decoration e) showing any indication of damage from landslip, subsidence, settlement or heave f) to be left unoccupied for a total or more than 45 days at a time
Yes Yes Yes
Yes Yes Yes
No No No No No No
If you have ticked any of the shaded boxes above please provide additional information. Additional space has been provided at the end of this form. 9. The Property Seller Please provide details of the person, or company, selling the property: Is the property newly built?
Yes
How are you buying the property?
Directly from the developer
No Through a property agency
From an individual
Name as per passport of the seller*: ...................................................................................................................................................................................................................................................................................................... Country of residence:
Nationality of seller:
.....................................................................................................................................................
Passport number of seller: ............................................................................................................... Telephone Number:
.....................................................................................................................................................
Contact Name:
.............................................................................................................................
...................................................................................................................................................................................................................................................................................................................................................................
*Not required if purchasing from a developer.
10. Insurance It is a condition of your Home Loan that Life Insurance for the value of the loan amount is taken out for all borrowers and that Property Insurance for the value of the re-build cost is taken out and maintained for the duration of your loan Property Insurance: Would you like us to arrange a Property Insurance on your behalf?
Yes*
No, I’ll arrange my own policy
Please note the policy must be assigned to the Bank. No funds will be released until we hold an assigned life insurance and property insurance policy. Note: Insurance is subject to the policy. Terms and Conditions of the Insurance Company.
*Please note that HSBC receives commission from the insurance company for the insurance policies purchased through the bank. This commission is paid directly by the insurance company.
Contents Insurance: In addition to insurance for the property the Bank also recommends that you insure the contents of your home. ‘Contents’ should include all items that are not standard fittings, fixtures, and equipment provided with the property you have purchased. Please indicate if you would like the Bank to arrange for an insurance quotation for the contents of your home to cover: All households contents All risks and high value items I do not require a quotation 11. Valuations HSBC Bank Middle East Limited requires a valuation on all types of property, and we will arrange this for you. Please note that the valuation fee is non-refundable. Valuation For Completed Properties: A standard valuation is a brief inspection that is limited in extent and may not address areas of concern that you may have about the property. Certain defects may not be revealed, or may not be reported if the valuer does not consider them to be significant for the purposes of the Bank, or if it is considered that they will not materially affect the value of the property. Services, fitted equipment, utilities and air-conditioning will not be tested, and quality of fit and finish will not be discussed. Please provide details for the contact person for the valuation.
Name ................................................................................... ............................................................................................. Telephone No. ........................................................................................
Name ................................................................................... ............................................................................................. Telephone No. ........................................................................................ 12. Additional Information (Please note that it is a requirement of an HSBC Home Loan that an HSBC bank account is opened, which needs to be a joint account in case of a joint Home Loan). Your HSBC Bank account: Branch
....................................................................................................................................................................................................................................................................................................
Account Number ............................................................................................................................................................................................................................................................................ Account name ..................................................................................................................................................................................................................................................................................
13. Additional Comments
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14. Declaration I/We declare that to the best of my/our belief all of the information provided to HSBC Bank Middle East Limited is true and complete. I/We understand that the statements made by me/us will form the basis on which a Home Loan offer will be made, and that any material changes may alter the basis of this offer. I/We will advise the Bank in writing in the event of any change to my/our circumstances in the period between the date of this application and the receipt of any Home Loan offer. If I/We have asked the Bank to arrange life or property insurance on my/our behalf, I/We authorise the Bank to disclose my/our information to the insurance company in order to process the application. I/We authorise the Bank to disclose my/our information to the developer in order to process the application and/or for loan administration. I/We declare that if granted this home loan it will not impact/compromise my/our lifestyle expenses. In addition to Section 7 of the HSBC Personal Banking Terms General Terms and Conditions (UAE) which details how we will deal with your information: (i) you agree that we may disclose your information to any third party in order to verify the information that you have provided to us, including contacting your employer to verify your employment status and any other information in connection with your employment. (ii) you agree that we can share information with credit reference agencies/bureaus and use information available from public sources to verify your identity and suitability for a Home Loan. (iii) you agree that when you apply for a Home Loan (or any other credit facility with us) then as part of your application and during the term of the Home Loan, we may, on an ongoing basis, request reports from credit reference agencies/bureaus to assess your ability to meet your financial commitments without further consent from you. (iv) You understand that to request multiple reports from credit reference agencies/bureaus may negatively impact your credit score which may make it difficult for you to obtain credit in the future. (v) In addition, we may share your information with HSBC - authorised external debt collection agencies for the purpose of collection of any overdue debts you may owe to us. In addition, we may share your information with HSBC-authorised external debt collection agencies for the purposes of collection of any overdue debts you may owe to us. First applicant
Second applicant
Signature ........................................................................................ Date ........... / ........... / ......................
Signature ............................................................................. Date ........... / ........... / ......................
Please indicate, how you first heard about HSBC Home Loans. Recommendation from the developer, name of developer
Details taken from HSBC advertisement at the property sales office
Recommended by a real estate agent name
Recommended by a friend
HSBC branch network
Would you like to receive details of new products and services, promotions and special offers from us
Yes
Others, please give details
No
© Copyright. HSBC Bank Middle East Limited 2016 ALL RIGHTS RESERVED. No part of this publication may be reproduced, stored in a retrieval system, or transmitted, on any form or by any means, electronic, mechanical, photocopying, recording, or otherwise, without the prior written permission of HSBC Bank Middle East Limited. V160822 Issued by HSBC Bank Middle East Limited U.A.E Branch, P.O.Box 66, Dubai, U.A.E, regulated by the Central Bank of the U.A.E and lead regulated by the Dubai Financial Services Authority. CRN 151012.
