Residential Mortgages

We can help you towards your home ownership goals whether it’s a new residential mortgage or the refinancing of an existing residential mortgage.

• We offer fast turn-around services when it comes to residential mortgage offerings
• We offer quick pre-approval letters which will allow you to determine what you can comfortably afford
  • This will assist in providing more weight to any offer you make
• We offer competitive lending base rates

To get started the following information and documents are required:

• A fully completed and signed BCB Personal Financial Statement or the online BCB Loan Request Form, available at www.bcb.bm.
• Verification of your employment and your salary. Please provide a letter from your employer and your pay-stubs for the most recent three months.
• Previous three months statements for ALL bank accounts (this includes all checking and savings accounts (domestic or international) and from all bank relationships
• Previous three months statements for ALL credit cards held (if applicable).
• Confirmation of any rental and/or investment income you may receive, with supporting documentary evidence (e.g. rental agreement).
• Documentary evidence of your down payment (deposit) and legal costs funding, if not provided via the above.
• Copy of the sales listing (if you have already identified a property).
• Details of your Real Estate Agent and your Lawyer.

If you are self-employed, in addition to the above we also require the following.

• Your last two years’ business financial accounts (if applicable).
• Previous 12 months business bank account statements.
• 12 months evidence of your personal income.
• Three months evidence of payroll tax returns and payments.
• Confirmation from the Office of the Tax Commissioner that your payroll tax is current.

Please note that these documents are the minimum requirements and following the Bank’s assessment additional information may be requested. The provision of documentation does not guarantee an approved offer of financing to be made and the Bank reserves all rights in this regard. Any offer of financing will be subject to receipt of the below information and your Relationship Manager will be happy to provide you with additional information.

• Upon the receipt of the documents, we will assess and if you meet the pre-approval criteria we will provide you with a pre-approval letter to allow you to move towards your goals.*
• *All residential mortgages are subject to final credit approval as per BCB’s underwriting policies.

Interested in knowing more about our Residential Mortgage Product? Yes, tell me more
Or call +1 (441) 295-5678 and ask to speak to a Relationship Manager.

Commercial Mortgages

We can help you towards your ownership goals whether it’s a new commercial property mortgage of the refinancing of an existing commercial property mortgage.

• We offer fast turn-around services when it comes to commercial mortgage offerings
• We offer quick pre-approval letters which will allow you to determine what you can comfortably afford
  • This will assist in providing more weight to any offer you make
• We offer competitive lending base rates

To get started the following information and documents are required:

• Company financials
• Current Account application
• Three months evidence of income via bank statements
• Details of the property (estimated property cost, mortgage amount, valuations, etc)
• Real estate agent’s and lawyer’s details

Upon the receipt of the documents, we will assess and if you meet the pre-approval criteria we will provide you with a pre-approval letter to allow you to move towards your goals.*

*All commercial mortgages are subject to final credit approval as per BCB’s underwriting policies.

Interested in knowing more about our Commercial Mortgage Product? Yes, tell me more

Or call +1 (441) 295-5678 and ask to speak to a Relationship Manager.