Tenanted Residental Investment

 

Tenanted Residential Investment

Now you are deciding to purchase a property from which you may earn an income. Here is your opportunity to access a loan ranging from 13.75% to 14.49%.
And there is more..

Whether you are a saver or non-saver JN will offer you 85% of purchase price or valuation whichever is less.

There is no limit to the number of loans*

What are the categories?

Semi-Residential – where less than 50% of the property is deployed for commercial purposes. Applicants reside (owner-occupied) and operate their business at the same premises.

Farmstead - these rates apply to Agricultural properties up to 25 acres with owner occupied residence. Greater than 25 acres will be treated as commercial property (prevailing rate on commercial loan will therefore apply)

What are the requirements?

1. Sales Agreement (duly completed)

2. Photocopy of Certificate of Title

3. Valuation Report which we require you to have done by a member of our panel. The report should show a picture of the property. A list of our members is available on our website.

4. Income Verification

5. Last two pay slips

6. If self-employed, Statement of Income Confirmation is required from a Chartered Accountant, Cash Flow Projection, Bank Statement, Business Licence or Registration Certificates

7. Proof of age (Passport, Driver's Licence, or Elector Registration Identification Card)

8. Surveyor's Report done by a Commissioned Land Surveyor

9. Up-To-Date Property Tax Certificate

10.Closing Cost of approximately 6% of the loan amount to be lodged to a JN savings account.

Come in and talk to us at any of our 28 locations islandwide today !

* Conditions apply