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Mortgage Form

This document is an application for equity contributions from a retirement savings account (RSA) towards a residential mortgage. It requests personal details of the applicant and spouse, mortgage details like property address and lender, and RSA account information. It also includes an indemnity section where the applicant agrees the RSA earnings may decrease and the funds will only be used for the mortgage. An checklist of documents required from the mortgage lender and RSA holder to the pension fund administrator to process the application is also provided.

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joel osita
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22 views

Mortgage Form

This document is an application for equity contributions from a retirement savings account (RSA) towards a residential mortgage. It requests personal details of the applicant and spouse, mortgage details like property address and lender, and RSA account information. It also includes an indemnity section where the applicant agrees the RSA earnings may decrease and the funds will only be used for the mortgage. An checklist of documents required from the mortgage lender and RSA holder to the pension fund administrator to process the application is also provided.

Uploaded by

joel osita
Copyright
© © All Rights Reserved
Available Formats
Download as PDF, TXT or read online on Scribd
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Form Ref:

D D M M Y Y Y Y

Date

APPLICATION FOR EQUITY CONTRIBUTIONS TOWARDS RESIDENTIAL MORTGAGE

Name : PIN : PEN


Mortgage Type : Single Joint

Name of Property:

Address of Property:

Type of Property:
e.g 1,2,3,4 bedroom, bungalow e.t.c
Name of Mortgage lender:

Address of Mortgage lender:

Account No. of the Applicant with the Mortgage Lender

Value of Property ( ): RSA Bal. on Application Date:

Equity Amount ( ): Supplementary Amount ( ):

JOINT APPLICATION (TO BE FILLED BY SPOUSE)


Name: PFA: RSA PIN:

EQUITY CONTRIBUTION

RSA Holder( ) Spouse( ):

Total Equity( ):

Supplementary Amount ( ):
(if applicable)

CONTACT DETAIL
APPLICANT SPOUSE

Name Name

Email Email

Phone Phone

Signature Signature

INDEMNITY

I, ………………………………………………………….. hereby indemnify Trustfund Pensions Limited against any liabilities or loss which may
occur by virtue of accessing 25% of my RSA balance as equity contribution for residential mortgage. I hereby accept that the future earnings
on my RSA may be affected by this decision. I also undertake that the sum so released shall be exclusively used for residential mortgage.

…………………………………............ …………………………………............
Signature Date

OFFICIAL USE ONLY

CERTIFIED BY: ...................................................................................................................................................................................................


BRANCH: ................................................................................................ DESIGNATION ...................................................................................
DATE: ....................................................................................................... SIGNATURE: ......................................................................................
CHECKLIST

Documents to be submitted to the PFA


The Mortgage Lender and RSA Holder shall forward the under-listed documents/ additional information to the
applicant(s) PFA:

1. Copy of the mortgage application form

2. Property offer letter from seller, which should contain, at the minimum, the value of property, type of
property, and address of the property

3. Property verification letter from the lender, which should contain, at the minimum, the value of property, type of
property, and address of the property

4. Property valuation report

5. Mortgage loan offer letter

6. Bank account details of the applicant with the Mortgage Lender

7. Indemnity by the Mortgage Lender to the PFA on the use of the equity contribution

8. Evidence of payment of difference where 25% of RSA cannot cover the equity required

9. Valid means of Identification from RSA Holder

10. RSA Holder's Employment Letter

11. Letter of Introduction from RSA Holder's Employer

12. Indemnity by RSA Holder to the PFA on the use of the equity contribution

13. RSA Holder's Consent Letter to the PFA on the release of funds

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