Full-Doc Home Loans

  • Application form
  • Proof of income (Either: Tax Returns, Bank Statements, Financials, Payslips, Employment Contract)
  • ID
  • Credit check authorisation

The minimum required deposit is 10% but aim for 20% if possible. If you’re borrowing more than 80%1 of the property value, you’ll need to take out Lenders’ Mortgage Insurance.

Mortgage insurance minimizes the risk for lenders to offer loans to borrowers who don’t have a 20% down payment and therefore have less equity in their homes once they are purchased

Saving for a deposit is a great way to show that you’ll be able to manage home loan repayments. Three months or more is a good demonstration of your ability to save.

The lender will also look at your credit rating, which is based on your borrowing and repayment history, including how often you’ve shopped around for credit. There are several credit reporting agencies you can use to check your rating online.

Contact us to discuss Full-Doc Home Loans today