Loan Application Supporting Documentation

The following is required to obtain an unconditional approval from a lender. The minimum information required to obtain a preapproval is shown with underlined text. (NB: Additional information MAY be required, depending on your situation)

Owner Occupied Properties:

a) First home buyers

• Completed Original Application Form, signed by all borrowers (including details of assets and liabilities and monthly spending);
• Proof of income for you and your spouse, partner, or co-borrower (if applicable). Also, details of any other income you earn (eg: overtime, bonuses or a second job). Copies of your 2 most recent pay slips , a copy of your employment contract, or a letter (on company letterhead) from your employer are acceptable proof of income;
• If you are self-employed, copies of the last two years' financial accounts, or tax returns, both business and personal;*
• Proof of Deposit. (i.e. Bank statements showing savings, Mortgage Statements indicating surplus equity, term deposit statement)*
• Your last six months of personal bank statements*
• Two Forms of ID for all applicants (Drivers licence and passport preferably);
• If you have found the house of your dreams, a copy of the front page and signature pages of the Sale and Purchase Agreement;
• Certificate of Incorporation (if borrower is a company) or trust deed (if borrower is a trust);
• A registered valuation MAY be required (depending on how much you wish to borrow)

b) Those already with a home (As above, plus):

• Your last six months mortgage statements;
• Copy of the sale and purchase agreement on your current property (if applicable), or valuation or real estate estimate of current market value.

Residential Investment Properties:

As per b) above, plus

• written confirmation of the estimated rental income from a local real estate agent (if untenanted), or a copy of the current tenancy agreement

Commercial Investment Properties:

• Completed Original Application Form, signed by all borrowers*
• Sales document from real estate agent outlining the property, or (if refinance) copy of key aspects of current lease and latest valuation*
• Certificate of incorporation (if borrower is a company) or trust deed (if borrower is a trust);
• Registered valuation on the property
• A full copy of all leases currently in place (or proposed)

* Proof of income is not required for "lo-doc or no-financials" type loans