Standard Documents – Required for All Applications Additional Documents may be required on request Please provide documents electronical where possible
For Self-Build Full Planning Permission Approval
Altura Building Forms to be completed by your architect/engineer
Self-Build Insurance required (Course of Construction Insurance)*
*You will be advised when this is required
Steps from Approval to Drawdown 1. Altura Credit Union will organise a valuation of your property with a valuer from our panel, to ensure it’s suitable security for the loan. 2. Once this is done, we will send a pack of mortgage documents to your solicitor. 3. Your solicitor will review the documents and advise you on them before you sign and return them to us. 4. You will need to provide us with all additional requested documentation prior to drawdown - including property insurance. 5. Your solicitor may bring matters to our attention before drawdown, and our solicitor will deal with these. 6. When all documentation is received to Altura Credit Union’s satisfaction, your mortgage is ready to be drawn down.
There are two forms of insurance you need to consider before you draw down your home loan: Life Insurance and Home Insurance. See pages 8 & 9 for our affiliated providers.
Security, property insurance, and life cover required. Loans are subject to approval. Terms & Conditions apply. Altura Credit Union Ltd. is regulated by the Central Bank of Ireland.
Page 6
Made with FlippingBook - Online magazine maker