proposal for finance

You just need to fill in the application forms and supply proof of income etc. Once you have found a property, you can supply contract and they will then order the valuation.

Hi sauber. Unless you are applying for private funding, or have a switched on bank manager with some lending authority (and there still are some around…..) this is fairly florally (the website you show there) guff for a normal investment loan in Aust. Basically, unless you are doing a lo or no doc style loan you will have to meet certain criteria, which does not matter how much of a thesis you write on a good deal. Generally, it will be a formula that works around a value representing your servicing ratio or 'left over income' after meeting all your liabilities and allowing for you and your famillies' living expenses, being offset against your income, which you will need to prove via computer generated paylslips and your most recent PAYG summary.  Then, the lender will arrive at a figure that they can lend you as a maximum. Of course, rental income (actual or estimated – confirmed by valuer and or property manager) is taken into account (usually between 70 and 80 % of this as 'income' with an investment loan. And that is that. Lenders vary slightly in their calculations and amounts allowed etc. ( for example, a lender will view your credit card limit as a libilitiy regadless of balance – however some would ignore this if you can prove you have paid the balance off in full for 3 or 6 months prior.)  All the best.

Hi Sauber

Looks like that is for a commercial property – these are a bit different to residential with the lease looked at in more detail etc.

In your standard application you will need to supply many of the things included in this one such as company financials, personal financials, proof of income, proof of rental income etc. It is good to include a bit of a description of the property, but lenders will normally order their own valuations.