Home Improvement
Unlock Your Home’s Potential
About the Financing
Transforming your living space into the home of your dreams is within your reach. Whether you’re looking to renovate, upgrade, or enhance your property, we offer accessible and affordable financing solutions designed to bring your vision to life.
Key Features
Competitive Interest Rate
Benefit from a competitive fixed interest rate of 6%, ensuring affordability and predictability in your financial planning.
Flexible Financing
Enjoy financing of up to 100% of the project cost, empowering you to undertake comprehensive home improvements with ease.
Generous Repayment Terms
With repayment terms of up to 30 years, you have the flexibility to manage your finances comfortably while investing in your home's future.
Transparent Fees
Our acceptance fee, capped at 1% of the loan amount or a minimum of $500.00, ensures transparency and clarity throughout the application process.
No Additional Insurance Requirements
Unlike traditional mortgage offerings, our program does not require additional life insurance or mortgage indemnity insurance, simplifying the application process.
Once you’ve been prequalified, take the next step towards realising your home improvement goals. Begin by finalising your building plans and obtaining approval from the relevant regulatory bodies, such as the Town and Country Planning Division and Regional Corporation.
Explore our comprehensive How-to-Guide to learn more about compiling the necessary legal documentation required for your home renovation project.
At TTMB, we are committed to empowering you to enhance your living space with confidence and ease. Start your journey towards a more vibrant and comfortable home today!
Required Documents
Two (2) copies of all documents must be provided.
Standard Documents
- Evidence of Nationality (2 Forms of ID)
- National Insurance (NIS) Number
- Income Tax (BIR) Number
- Evidence of Income (Job Letter / Pay Slip)*
- Evidence of Savings and Indebtedness**
- Most Recent Credit Card Statement(s)
- Title Deed(s) or Lease and/or Mortgage Deed
- Valuation Report
- Up-to-date receipts for Land & Building Taxes, Water & Sewerage Rates & Lease Rent
- WASA Clearance Certificate
- Utility Bill
Additional Documents
- Approved Building Plans from Town & Country Planning Division & Regional Corporation (as applicable)
- Signed Builder’s Estimate, in phased scheduled draw-downs
- Quantity Surveyor’s Report where the cost of the renovation/repairs exceeds $450,000.00 (as applicable)
- Completion Certificate from the Regional Corporation & final Valuation Report upon completion of Renovation (as applicable)
*Evidence of Income
Submit an Original Job Letter & Pay Slip. If self employed, submit Financial Statements for the last three (3) years and Bank Statements for the last three (3) years, stating the average monthly balance. If you are employed on contract, submit copies of employment contracts for the last three (3) years.
**Evidence of Savings & Indebtedness
Submit statements from all financial institutions with which you deal, including credit unions (monthly payments towards loans must be indicated on these statements).
Application Costs
What do I need to pay?
Estimated Application Costs
- Application: $150.00
- Title Search: $1,500.00 (initial)
- Acceptance Fee: 1% of Loan Amount or $500.00 minimum
- Credit Bureau Report: $75.00 per applicant
- Site Visit: $800.00 per visit
Closing Costs
- Legal Fees
- Statutory Fees (Stamp Duty & Registration Fees)
- Interim interest
- 3 months’ Rates & Taxes
- 3 months’ Maintenance Fees
- 1 year’s Lease Rent (as applicable)
- Contractor’s All Risks Insurance Premium (as applicable)
Receive Property for Sale Alerts
Receive an email notification when TTMB lists Property for Sale.
Buy a Home
Financing for the purchase of residences including single family homes, townhouses, condominiums, apartments and investment properties.
Build a Home
Bridging and long-term loans are available to help you construct the home of your dreams.
Buy Land
Financing for the purchase of residential building lots and land approved for homesteads.
Home Improvement
Upgrading your home can be easy and affordable with our Home Improvement Loans.
Home Equity
Tap into the wealth of real estate to finance future initiatives.
2% Mortgage Programme
If your family income is $14,000 or less, you may qualify for an interest rate of 2%
5% Mortgage Programme
If your family income is $30,000 or less, you may qualify for an interest rate of 5%
