Lender have similar but different requirements of the information and documents they want to use to determine your borrowing capacity and your lending options. Buy Invest Live Brokers will review your lending needs and aspirations and work out the minimum documents lender need.
PS – we collect documents as part of our Cyber Security Policy – and ask that information and documents be sent via secure portal rather than via email or text. You can read how to stay safe on the Federal Government Cyber Website.
We will start our review of your finances by running your credit reports – see what a lender sees – and send you a copy. We do this after I receive the signed privacy and your ID. Once we confirm from what information you have shared about your finances (income – expenses – deposit – aspirations), we then look to confirm the proof that can be provided to a lender, we we are all ready to proceed.
Supporting Documents
Please confirm your personal and financial information, as well as provide the necessary documents. Scan or use a camera and take a clear picture, use the Bank Statements service to instantly send Loan, Deposit and Income statements.
BANK STATEMENTS (secure portal via direct link)
SUPPORTING DOCUMENTATION (secure portal via File Invite)
ID (100 points)
- Drivers License + Passport ( clear photo – via camera ok )
- Rates Notice (for properties owned)
- Mobile & eMail address – all borrowers
INCOME
- Last 2 pay slips ( salary )
- Last tax years income statement from the ATO portal (used to be Group Certificate)
- 2 years Tax Returns plus notice of assessment ( self employed )
- 2 years Tax Returns and Financials ( company or trust )
- Last 3 months bank statements showing income being deposited & living expenses *
- Last 3 months Rental Statements or rental appraisal
- Last 3 months bank statements showing rental being deposited *
- Last 3 months bank statements showing any deposit being used (if different to above) *
EXPENSES / LIABILITIES
- Last 6 months mortgage loan repayments (including interim to date)
- Last 3 months credit card, personal loan repayments ( shows they are being repaid on time ) *
- Rental – schedule of rent paid
OTHER
- Employment – 3 years history (company name, address, phone, abn, date started)
- Home address – 3 years history with dates commenced.
ASSETS
- Superannuation (company, policy #, $)
- Vehicles (make, model, year, $)
- Personal belongings – Insured value $
PROPERTY COSTS
Banks want to see all costs itemised for the following:-
- Rates
- Strata (as appropriate)
- Electricity
- Water
- Gas
- Pest
- Insurance – Building
- Insurance – LandLord
LIVING EXPENSES – seperate worksheet can be provided
Housing – Owner Occupied & Investment || including any new purchase
- Insurance – House and Contents, Landlord
- Utilities || Water, Rates, Gas, Electricity
Telecommunications
- Phone/s
- Internet, Foxtel etc
Transport
- Fuel
- Registration
- Insurance
- Repairs
- Rego, Green Slip
- Public Transport
- Parking
Necessities
- Groceries
- Clothing
- Footwear
Discretionary
- Entertainment – Dining out
- Subscriptions
- Travel
- Gym
Dependents
- School costs
- Child Care
Other || Insurance / Maintenance
- Health Insurance
- Medical Expenses (above Health Insurance)
- Life Insurance
- Spousal or child maintenance payments
Kelvin Mason, JP || 0480 090 669 || Residential & Commercial Finance
Purchase – Refinance – Equity – Home – Investment – SMSF – NDIS – FHO – Self Employed – Construction – Development – Renovations
Australian Credit Representative 469562 | ABN 48638048343
