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In order to make any application as smooth as possible it is important
to know exactly what information you will be expected to provide. The
following checklist is to make sure that you meet the information required
by any
mortgage providerssss. Some mortgage applications may require slightly
less information but to facilitate your application we recommend you
prepare the following items. Please note that lenders are very strict
on these
matters – they
will not approve a loan without all these items. Failure to provide any
part will delay your application.
100 Points of Identification: Photocopies of 100 points of identification
is needed for EACH applicant on the mortgage. All identification used must
be copied front and back.
You may use only one of the following items (though not compulsory to use
one of these):
- 70 points - Current Australian Passport and/or Birth
Certificate
Any combination of the following to make up outstanding points:
- 40 Points - Current Australian Drivers Licence
- 25 Points - Current Medicare Card, bank key card or credit
card (no more than one per institution)
Important Notes on Identification:
- Please check that the names on all ID are identical. Inclusion
/ exclusion of middle names is not an issue but variations on first
name and especially
surname are.
- Ideal combination is Passport and drivers license
for 110 points in total.
Supporting Documents: Photocopies or
print-outs of the following are required:
- Front page of contract if purchasing.
- Copy of most recent paid rates notice for all properties being
used as security.
- Last 6 months mortgage statements for all mortgages being refinanced.
- Last 6 months mortgage statements for any other loans whether
being refinanced or not.
- For employees - Last 2 years ATO Assessment notice or Group
Certificates
- For employees - 2 most recent pay slips, recent letter
of appointment with salary details, or letter from human
resources stating your
current salary arrangement
- For Self-Employed - last 2 years personal tax returns & ATO assessment
notices
- Statements for last 6 months for all bank accounts
or investments, esp Credit Cards.
- Copy of signed Lease Agreement or rental statement
for existing investment properties for last 6 months.
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