Loan Checklist for The Optimum Mortgage Service

Below is a list of documents that the various lenders will require. The more documents you are able to produce means the greater choice of lenders you will have to choose between.

If you don't have all these documents, give us a ring anyway as we may still be able to help you. Don't let this list put you off.

Proof of Income

PAYG

Three most recent payslips plus your last two Group Certificates or Tax Returns and Tax Assessment notices.

Some lenders will also require:

Current letter of employment with start date and salary (if you started your job within the last 12 months).

Self Employed

Copies of the past two years business financial statements, Tax Returns and Tax Assessment Notices for both yourself and your business. (If these can not be provided we have several lending options which we can utilise).

Investment Income

If you already have income from an investment property, rental statements for the last 6 months are required.
Details of dividends and interest received on shares, savings accounts, trusts etc.

Savings

5% of your deposit should be able to be seen as genuine savings. Bank statements will need to show a regular savings pattern over a minimum of 6 months.
If you are unable to provide a history of savings, but have cash funds, we do have access to various products that may be of assistance to you.

Expenses

If you have other mortgage loans 3 months statements of this loan are required.
If you have personal loans or leases, copy of contract and/or statements for the previous three months.
Current credit card statements for previous three months.
Details of personal guarantees.
If you have any Interest Free Loans, statements showing any repayments or when the loan is due to be repaid.

Refinancing

Copy of your recent rate notices for all properties being refinanced.
Copy of statements for loans being refinanced for the last 12 months.

Identification

Copy of your Driver's Licence.
Copy of your passport or Birth Certificate or Citizenship Certificate.

Defaults

If you have defaults on any type of commitment over the last 5 years, tell us up front. Let us know the circumstances of the default, why did it occur, has it been repaid (how and when). Even a bad debt, such as a phone bill, needs to be explained.
Are there any current defaults against you. If so what are they and why have they happened.
Copies of any correspondence in relation to these defaults.

If you are currently paying rent, copies of rent receipts are also good to show that you have been meeting your current financial commitments.