Paperwork needed for Mortgage LoanRequired paperwork for mortgage loans
A MCOB Sch 1 Recording obligations
The information provided by the client about the mortgage agreement he wants to buy. Recommendation refused. The information provided by the client about the house buying scheme he wants to buy; the warnings to the client in a permanent media about his failure to protect the aptitude test regulations; the client's acknowledgement that he has opted for a mere enforcement sales.
Disclosure of information explaining how rights associated with a conventional credit card shall not apply, the amount of the first and subsequent installments, the date and manner of collection of the first and subsequent installments, information about policy coverage and any redemption vehicles bought by the Company, the first installment to be paid and whether to collect it with the mortgage installment, particulars of the redemption methodology and, in the case of interest, only a warning to the Client to keep a proper redemption mechanism, what to do if the Bank is in default, information about associated borrowings or available Savings and, in the case of interest, a warning to the Client to keep a proper redemption mechanism, what to do if the Bank is in default, information about associated borrowings or available savings and the method used.
Disclosure by the client of information regarding the stock clearance operation he intends to buy; alerting the client in a permanent media about his failure to protect the eligibility test policy; confirming the client that he has opted for a pure execute disposal; any recommendation by the company that the client has declined, together with the grounds for its refusal.
Amount of first and successive instalments; date, rate and manner in which first and successive instalments are recovered; net amount received by client when interest is subtracted from earnings and manner in which they are recovered; information on Company's acquired policy product, first instalment due and whether or not to recover with mortgage pay; and
Acknowledgement that the lifelong hypothecary1 is only concluded on an interest rate base and information on how the company anticipates repayment of the principal, what to do if the bank is in default, information on the available related borrowings or saving and whether over or under payments are allowed or not.