Your broker will help you submit your application. Then it’s reviewed to make sure we have all the necessary information and passed on to our Credit Team for approval. If your application is successful, we’ll issue you with a formal notification of approval.
We obtain an independent valuation of the proposed security property. The valuer will conduct an onsite visit, confirm council consents, leases, improvements and compare sales in the same area, among many other considerations which can vary from property to property.
With the property value and status all confirmed, we will proceed to instruct our solicitors to arrange the mortgage and loan documentation ahead of settlement. Executing the loan documents will often involve your own solicitor to ensure a smooth and timely process to settlement.