FINANCING YOUR NEW PROPERTY

 

AUSTRALIA has very low interest interest rates to assist your property purchase. 

This means is that all you need is a minimum 5% deposit plus cover the purchase costs such a stamp duty and legal fees and if you qualify for finance you can borrow the balance form an Australian Bank.

 

The following is a check list of whay you will require to qualify for finance.

 

SAVINGS HISTORY

• You may need to provide a copy of your bank statements of your savings account covering a period of the last three months.

 

PROOF OF INCOME

 

SALARY EARNERS

• Your last two consecutive payslips which contain the following:

• Details of each component of your income

• Current and year-to-date gross and net income

• Your name and your employer’s name.

• Salary/employment letter from your current employer confirming length of employment, your gross basic

• wage together with any other components relating to your salary

• Most recent employment contract which identifies your name, employer’s name and gross basic wage

• together with any other components relating to your salary

• Evidence of consistent income amount regularly deposited to your bank account

• Latest payslip which identifies your name, employer’s name and your gross and net income.

 

SELF EMPLOYED APPLICANTS

• You will need to provide us with copies of your personal income tax returns and full financial statements for the

     past two years, and the most recent financial year’s Assessment Notice, which is no older than 18 months at the

     date of application.

 

OTHER LOANS

• Provide details of other loans, e.g. credit card statements, personal loan statements.

 

NOTE ALL LOAN APPLICATIONS ARE SUBUBJECT TO APPROVAL BY THE BANK

ACCORDING TO THEIR APPROVAL POLICY