Similar documents will have to be provided by co-borrowers and guarantors. They are usually involved in the transaction in a situation where the main borrower does not have enough confirmed income to obtain a mortgage. But there are exceptions - for example, spouses will act as co-borrowers in any case if the apartment is purchased during marriage. The rule can be violated only when concluding a marriage contract establishing the appropriate procedure for dividing property between spouses.
Banks may also request additional documents. Special requirements apply to individual entrepreneurs, unemployed persons, self-employed persons, pensioners, foreign citizens and other categories of clients for whom the transaction cannot be carried out in the "normal" mode. An additional set of documents will also be required in cases where other denmark mobile database property serves as collateral for the loan - for example, when the borrower does not have money for the down payment and instead issues collateral in the form of real estate owned.
What documents does an individual entrepreneur need to apply for a mortgage?
Banks are willing to provide mortgages to individual entrepreneurs, but usually require an additional set of documents to be attached to the standard list. The entrepreneur will need to provide:
certificate of registration of individual entrepreneur;
3-NDFL declaration for the last tax period or for the last 2 quarters, if reporting is submitted quarterly;
a license if the individual entrepreneur’s activities are subject to licensing by law.
Please note that the tax return must be marked with a note about the document's acceptance by the FTS inspector. If the entrepreneur submitted the document electronically, he can print it out and contact the territorial tax service office to certify the copy. Usually, a request or a free-form application is sufficient for this.
If a large family is going to apply for a mortgage, then copies of the children's birth certificates must be attached to the standard set of documents for citizens. Passports of both parents will also be required.