What identification must I provide?

How much can I borrow?

How much deposit will I need?

What type of Valuation Reports are available and how much do they cost?

What costs are involved with taking out a DBS mortgage?

Will I need a Guarantor?

How is interest charged?

How can I reduce my mortgage?

What should I do if I am experiencing financial difficulties?

What should I do if I have a complaint?

Can I borrow further money once my mortgage has completed?

How can I make my repayments?

How is interest charged?

We will begin to charge interest on your loan from the day that we transfer the money to your solicitor. Before you take out a mortgage and at any time you ask we will tell you the interest rates which apply to your account.

Monthly Payments

Your monthly payments are always due on the first of each month and become due on the month after completion of your loan. For example, if you complete your mortgage on 10th June 2007, your first repayment will become due on 1st July 2007.

Interest

We charge interest monthly on the balance outstanding at the end of the month and add it to your account on the first of the following month. We calculate the interest on the number of days in the month.

Accrued Interest

This is the interest that is charged on your account from the day that you complete your mortgage until the end of that month. Using the above example, the accrued interest charge would be calculated from 10th June until 30th June and added to the monthly payment due on 1st July.