Residential and Investment Loan
Documentation Requirements
Documentation Checklist Overview
A very important part of the home loan process is that of providing the relevant documentation which the home loan lender requires to process the home loan.
The entire home loan process is simplified and expedited if you are able to provide a full set of documentation from the outset, the reason is that the home loan provider then has a full set of information to work with and assess.
This saves time as the home loan provider will most likely not have to request further information which invariably brings about delays in the process.
We have provided you with a summary of the types of documantion a home loan provider requires and have covered off some different home loan types and customer types as well.
We invite you to browse through the information highlihgted but also invite you to contact one of our home loan consultants who will be able to answer any questions you have with regard the type of documents a home loan provider requires.
Identification Checklist
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Existing customer of the Bank or Financial Institution |
100 points |
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Cope of Passport, Birth Certificate or Citizenship certificate |
70 points |
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Copy of Driver’s Licence issued under law or Learner’s permit |
40 points |
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Copy of Pension Card or Student Card or Public Service Employee |
40 points |
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Copy of Rates Notice or Certificate of Title |
35 points |
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Copy of Electricity, Water, Gas or Telephone Accounts |
25 points |
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Copy of Medicare Card / Seniors Card / Public Utility Bill |
25 points |
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Copy of Credit Card / Debit Card / ATM Card or Passbook |
25 points |
PAYG Employed Applicants
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3 current pay slips form your employer |
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A letter from your employer on a company letterhead stating your full name and address, your commencement date, the length of employment and full entitlements noting your base salary, superannuation and other benefits pertaining to your arrangement and package. |
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Your Tax returns and Group Certificate for the past 2 years. (Also note that some Institutions may ask for 3 consecutive years.) |
Self Employed Applicants
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Your last 2 years tax returns, which also includes your personal and business tax returns showing your profit and loss and balance sheet. |
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Your interim Profit & Loss Statements from your Accountant |
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For Companies and Trusts it is required that the last 2 years tax returns including profit and loss and balance sheet is provided which should also include last 2 years tax returns for the directors and or any guarantors. |
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A letter from your Accountant certifying your accounts |
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Proof of ABN or ACN registration |
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Proof of GST registration if applicable |
Self Employed Lo Doc Applicants
Applicants on a lo doc loan do not require evidence of income as they sign a declaration of income and this is used by the lender for calculating serviceability. Other requirements are as per below:
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Proof of ABN or ACN registration |
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Proof of GST registration (if required by the lender) |
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Letter from accountant verifying stated income (if required by the lender) |
Purchase of a Residential or Investment Property
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Copy of Contract of Sale for your purchase |
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Copy of receipt of Deposit paid or Deposit Bond issued for the property purchase |
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Proof of genuine savings history. This would be in the form of copies of your Bank statements of at least 6 months showing regular deposits, or any Term Deposit held. |
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Copies of Share statements, Managed Funds held and Superannuation Funds |
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Name, Address and Contact number for your solicitor or the Conveyancing company handling the purchase |
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If a Sale of your current property is involved, then a copy of the Contract of Sale and previous loan balance to establish that funds are available for settlement |
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For an Investment Property Purchase, a letter from the Real Estate agent showing expected rental return, or a copy of current lease agreement that is in place with rental statements. |
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Evidence of funds to complete the transaction. |
Property Construction
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A Fixed Priced Building contract from a registered Builder |
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Council stamped drawings which should also show Building Plans and Specifications. |
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Confirmation of 5% Deposit paid on the builder’s contract price (depending on loan type and or builders requirements) |
Property Refinancing
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Most current 6-12 months bank statements (to current month of application) for lender being refinanced |
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Copy of Rates notice |
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Copy of Certificate of Title |
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Confirmation of rental income for Investment Properties. (Letter from Real Estate Agent, monthly rental statements and current lease agreement |
Other Outstanding Liabilities
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Original loan agreements for Personal Loan / CHP / Lease |
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Copy of last 3 months credit card statements showing limit and Account balance |
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Copies of last 6 months statements of all other loans showing amount outstanding |
Other Details and Requirements
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If applicable the latest copy of your HECS statement |
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If a gift is involved for settlement purposes then we require a Statutory Declaration regarding the gift, stating the amount gifted, and whether the gift is “non-refundable”. This document must be signed by the person providing the gift. |
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If you have a salary packaging arrangement with your employer then a letter outlining these details |
Back to the Top
As you can see there are a number of documents required depending on your circumstances and the lender chosen.
To get a firmer idea of what’s needed please contact one of our consultants and they will guide you based on your needs and the lender chosen.
Also note that we provide you with a detailed ‘customer checklist’ once we have assessed your requirements so we make the task of sourcing the relevant information as simple as possible, by doing this we also avoid any delays with obtaining your finance.
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