Guidelines

Applying for a home or investment loan? Having the following information at hand when you approach a lender will help you make a successful application.

• A photocopy of the front page of the contract of sale if you have already decided on a property.

• A copy of the Certificate of Title and/or a registered strata plan or plan of subdivision (if unregistered, you'll need a solicitor's or developer's letter stating the likely date of registration).

•Self-employed people need to provide tax-agent income statements, income tax returns or assessment sheets and profit-and-loss statements certified by a registered accountant.
Not applicable for Low Documentation, No Documentation or Self Certified Loans.

• If you are paying out your existing mortgage and starting up a new home loan, you'll need a loan statement for the past 6 months which states how much you still owe and proof of your past mortgage repayments.
• Detail’s of any second income, rental income, bonuses, allowances or benefits.

• Photocopies of statements from all savings, cheque, loans and other credit card accounts.

• Proof of listed shares and other asset holdings.

•Proof of identity, such as copy of drivers license or passport.

• A statutory declaration signed by any giver and receiver of a gift.

• Those building a house should take a copy of the property plan and the specification quotation from a builder and/or a full price building contract, as well as any council approved planning and building permits.

•Owner-builders should take copies of contracts with the builder, quotation prices and proof of public liability insurance.

• If selling your home get copies of exchanged contracts of sale, solicitor's letter confirming a buyer or a copy of the sole agency agreement with the selling real estate agent.

SOURCE : Consumer and Business Affairs Victoria

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