| Verification | Prime | Near-Prime | |||
|---|---|---|---|---|---|
| Income: PAYG |
2 recent payslips, at least one most recent dated within 4 weeks of submission showing a valid ABN | ||||
| Income: Self-Employed |
Full Doc: 2 years tax returns and NOA (company and individual where applicable).Alt Doc: Customer declaration form, plus one of either 6 months Business Bank statements or 6 months BAS or Accountants Letter. | Full Doc: 1 years tax returns and NOA (company and individual where applicable)
Alt Doc: One of either 6 months Business Bank statements or 6 months BAS or Accountants Letter. |
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| Living Expenses | Income based HEM, compared to declared figure (no statements required*) | 3 months personal bank statements covering day to day expenditure for all applicants | |||
| Income: Rental Income |
Existing Investment Property:
1 month statement if the property is rented through a managing agent/real estate. 3 months rental credits on bank statements if private. OR Proposed Investment Property Valuation report figure OR Rental appraisal (if we are not taking security) |
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| Mortgage/LOC Statements (For impairment/refi) |
Most recent 6 months of statements – with all account information present for all owner occupied loans and investment loans being refinanced
Rental Ledger – most recent 6 months evidence, when applicant(s) have been renting |
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| Personal Loans/Credit Cards | Most recent month statement (if debt is to be refinanced/consolidated) | ||||
| Other debts to be paid out | Most recent months statement or equivalent document | ||||
| Benefit/other Income | Most recent statement on appropriate organisation letterhead (where applicable)
E.g. Family Tax benefit A,B, Carer’s payments etc. |
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| Purchases | Executed (signed and dated by all parties – prior to settlement) real estate institute Contract of Sale | ||||
*Underwriters can use discretion for any of the above documentation to request additional information where necessary.