Get Pre qualified for your jamaica mortgage

Welcome

AEG Mortgages is your gateway to achieving your property aspirations in Jamaica. With AEG Mortgages expertise, personalised approach, and commitment to exceptional service, we are here to help you every step of the way, whether you are a local Jamaican or based internationally, turn your dream of Jamaican property ownership into a reality.

AEG Mortgages takes pride in our reputation for professionalism and integrity. You can be confident that you are dealing with a trusted and reliable mortgage broker.

Complete mortgage solutions tailored for you

Buy to let mortgage

buy-to-let mortgage is specifically designed for investors looking to purchase a property they can rent out to tenants. Instead of financing your own home, this mortgage helps you acquire an investment property that generates rental income.

This income can then be used to cover your mortgage payments and potentially create additional profit.

residential mortgae sofa to relax and get a mortgage

Residential Mortgage

A residential mortgage is a loan specifically designed to help you purchase a home. Whether it’s your first time into homeownership, a move up to a bigger place, or a downsize to a more manageable property, residential mortgages can make your dream a reality. Some lenders even offer financing options covering up to 100% of the purchase price, putting homeownership within reach for many.

Remortgage

A remortgage is like refinancing your existing home loan. It allows you to switch lenders to potentially secure a better interest rate, which could translate to lower monthly payments. This can be a smart option if you already have a mortgage and want to save money. Additionally, if your property value has increased over time (meaning you have built up equity), you might be able to borrow additional funds through a remortgage to cover expenses like school fees or investments.

Land Mortgages

Don’t limit your mortgage options to just a house! You can also secure a land purchase mortgage. This opens doors for future investments, allowing you to hold onto the land until its value increases. Alternatively, you can use the land for agricultural purposes, growing crops and generating income.

A land purchase mortgage makes these possibilities a reality.

Self Build

This specialised mortgage option is designed for those with the ambition to construct their own home. Unlike traditional mortgages, the funds aren’t released in a lump sum. Instead, the bank provides the money in stages as specific milestones are reached during the construction process.

This ensures the funds are used as planned and reduces risk for the lender. With a self-build mortgage, your dream home becomes a reality.

DOCUMENTS NEEDED

Emplyment Section

Income letter from employer
Last three month’s payslips
Government issued ID (Driver’s licence, Elector Registration ID Card (National ID), Passport, Diplomatic ID Card issued by Ministry of Foreign Affairs and Foreign Trade)
Tax Registration Number (TRN), Social Security Number (SSN) National Insurance Number (NI) or equivalent in other countries
Proof of address, preferably in the form of a utility bill dated within the last 2 months
Written confirmation of existing indebtedness (optional)
Proof of ownership of existing assets (if you have assets)
NHT eligibility letter (if you have an NHT)
Bank statement for the last 3 months
Credit report in Jamaica and international what ever country you live in
Statement of affairs
2 references (optional)
NIS card (Jamaicans only)

If you have NHT

Birth Certificate
National Insurance Scheme (NIS) card
Verification of NHT contribution for the last seven years
Letter of Certification from the "Jamaica Council for Person with Disabilities" (if you are currently registered with the Council)
Proof of name change, (Marriage Certificate / Deed Poll (where applicable) or relevant documents in case of divorce)

Self Employed

Current Financial Statements for the business and Bank Statements for the last 12 months on the business account
Bank Statements for the last 12 months, for the account to which your net income is deposited
Government issued ID, (Driver’s licence, Elector Registration ID Card (National ID), Passport, Diplomatic ID Card issued by Ministry of Foreign Affairs and Foreign Trade)
Proof of Address, (Driver’s licence, Elector Registration ID Card (National ID), Passport, Diplomatic ID Card issued by Ministry of Foreign Affairs and Foreign Trade)
Tax Registration Number (TRN), Social Security Number (SSN) National Insurance Number (NI) or equivalent in other countries
Auditor’s/Accountant’s confirmation of monthly/annual gross and net income

Income evidence. Only one of the following

Income Tax Returns for the last 2 years
Audited Financial Statements for the last 2 years
Financial Statements for the last 2 years prepared and signed off by an Accountant on the Bank-Approved Panel, or in good standing with the relevant supervisory board, and six (6) months bank statements
Any official document issued by the local Government indicating your income

If you have a company. One of the following

Valid Business registration / License, and most recent Annual Return (where applicable)
Financial statements for the last 2 years prepared and signed off by an Accountant on the Bank-Approved panel, or in good standing with the relevant supervisory board
Most recent account statement for an active Scotiabank business or commercial bank account or other financial institution
Certification of incorporation/Articles of Association

Extra documents needed for self build

Approved building plans
Detailed builder’s estimate and contract showing breakdown of materials and labor cost
Fixed price construction contract or signed agreement showing detailed cost broken down into stages of construction and realistic start and completion dates
Contractor ‘s all risk insurance
Floor plans and elevations suitably scaled to allow for adequate review
Quantity surveyors
Copy of Certificate of Title

Documents needed to complete the mortgage, most of the documents are handle by your lawyer

Signed sale agreement
Valuation report
Surveyor’s ID report
Letter from Strata Committee (if it’s an apartment building)
Mortgage processing fee
Purchaser’s Statement of Account
Property tax certificate and up to date utilities
Status Letter on Life Insurance and Life Insurance Policy
Up to date lease
Evidence of deposit or statement from Attorney
Proof of funds to complete the transaction
Any other documents deemed necessary by the Bank

Documents to get pre qualified

Income letter
Last 3 months payslip
Government ID
Credit report
NHT eligibility letter (if you have NHT)
If self employed – bank statement for the last 12 months, income tax for the last 2 years
TRN

Simple Process

Step-by-step guidance throughout your journey, here for you until you get your keys for your property

Submit Online application

All documents will be check along with your online application

Make Payment

You only pay if you can get a mortgage.

$197,041 JMD, £995 UK, $1,260 USD

Application gets referred to the bank

All your documents will be sent to the bank along side your online application. The bank may ask additional questions

Legals

Your lawyer will gather all the relevant documents to complete the mortgage

Completion

Keys to your property