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Listed is a guideline of the most common information asked
for.
There are so many different lenders and loans available they
may ask for additional information than listed below.
To purchase a residential property at normal bank variable
rates:
 Group Certificate
Pay Slip
x 2
Savings
over 6mths statements (5% of Purchase Price)
 (If Mortgage
Insurance is needed)
Funds to
complete the purchase transaction.
Proof of
rental, (if you have income from rental properties)
Copy of
contract of sale or Contract note.
ID 100pts
(normally birth certificate or passport and drivers licence).
Copy of
last two year tax returns – personal and business.
Savings
over 6mths statements (5% of Purchase Price)
(If Mortgage
Insurance is needed)
Funds to
complete the purchase transaction.
Proof of
rental, (if you have income from rental properties)
Copy of
contract of sale or Contract note.
ID 100pts
(normally birth certificate or passport and drivers licence).
There are products for self emp. Who do not wish to show
their tax returns.
This products are known by many marketing names but are known
in the industry as low doc loans.
They are normally .5 – 1% higher then the banks normal
variable rate loans. Setup costs should be the same as normal
bank variable loans. However most will reduce every year by
a certain percentage, if your conduct is good, and in 2-3
years you will be paying normal bank variable rates.
This is a great alternative if your tax is not done yet
or you do not wish to disclose your income, or you have partners
or other directors of the business and you do not wish them
to know your personal affairs.
What if your savings is not over a 6-month period, but you
have got the money to complete the purchase?
Call us, it’s free, and we will
be able to tell you in 10mins. 1300 88 00 18
What if you have not got much savings but earn good money;
can I borrow the
whole amount?
Call us, it’s free, and we will
be able to tell you in 10mins. 1300 88 00 18
What if you have a lump sum of money not saved?
Call us, it’s free, and we will
be able to tell you in 10mins. 1300 88 00 18
What if you just started your new job or are about to start
but your dream home has come up now and you want to purchase
it?
Call us, it’s free, and we will be able to tell you
in 10mins. 1300 88 00 18
Always call no matter what your situation is. The worst thing
you will hear from us is “What you will need to do to
be able to obtain a loan”.
We will give you all options available to you in your position.
Every situation is different and new products and guidelines
come out daily. So do not get advice from friends or relatives
or even people you think are in the same situation as you
and have been told no.
Every situation is different and everyone of us is different,
so if your not sure call
or email us on info@sherlockhomeloans.com.
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