CONSTRUCTION MORGAGE FINANCE
In addition to terms applicable to mortgage finance, the requirements below would apply for construction facilities

1. 3 months’ pay slips (pay stubs)
2. 6 month bank statements- where salary is paid
3. Letter of introduction from employer- stating income, retirement age and terms of service
4. Copy of employment contract
5. Copy of passport (if expired, page of renewal must be provided)
6. Copy of KRA pin/tax number
7. Copy of work permit/residency permit e.g. Green card- U.S or Indefinite leave- U.K
8. Property details: Letter of offer, draft sale agreement or sale agreement & copy of title (Minimum lease term 45 Years)
9. Approved plans from relevant local authority (should not be more than 2 years old)
10. Bill of Quantities from registered quantity surveyor
11. Contractor appointment- ( Fixed Contract) with a registered contractor
12. CVs/profiles of the design team i.e. Architects, Quantity Surveyor, Engineers, contractor
13. Evidence of project equity contribution – i.e. the customer portion of construction costs should be evidence by cash held, material on site or amount already spent on project