Lender Policy Checker
Name of Scenario
Outline the basics of the deal?
Which Lenders to check?
Adelaide Bank
AMP Bank
ANZ
Bank Australia
BankSA
Bankwest
Bank Of Melbourne
Bank Of Queensland
Better Mortgage Management
Beyond Bank
Bluestone
Citibank
Commonwealth Bank
Firstmac
Heritage Bank
ING DIRECT
Latrobe
Liberty Financial
Macquarie Bank
ME Bank
MKM
Mortgage Ezy
Move Bank
MyState
NAB
Pepper
Qudos Bank
Resimac
St.George Bank
Suncorp Bank
Teachers Mutual Bank
Think Tank
UniBank
Teachers Mutual Bank
Virgin Money
UBANK
Westpac
Other
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WHICH POLICY TYPE TO RESEARCH?
Servicing/Features/Policy Niches
Select ALL Policy Types that apply
Common Debt Reducer
No Credit Scoring
LMI waivers for Professionals
No notional Rent
Other Banks debts sensitised in servicing
Notional Rent amount added
Pre Approvals Fully assessed
Pre Approval validity
Rate Lock policy
Retirement Age
Superannuation only as an exit strategy
Interest rates based on the Security used
Digital signatures allowed on loan application
Fully featured Phone app
Percentage of Title ownership required
Other Policy/Notes:
Add other policies if not listed above
Type of Income/PAYG Employment
Select ALL Policy Types that apply
Allowances
Bonus Income
Car Allowance
Casual Income
Casual Income assessed at 46 or 48 weeks
Child Support incl Max age of Child
Company Car
Commissions
Family Tax Benefits incl Max age of Child
Foreign Income
Maternity Leave
Non resident income accepted
Overtime
Pensions Carers, Disability, Aged
Probation accepted
Contract minimum employment period
Casual minimum employment period
Part Time minimum employment period
Full Time minimum employment period
Penalty Rates
Percentage of Rental income used in servicing
Salary Sacrifice/Salay Packaging calculation
Second Job
Single parenting payments
Other Policy/Notes:
Add other policies if not listed above
Security
Select ALL Policy Types that apply
Display Homes
Land & Construction
House with land (Max Acreage)
Metro Apartments
Off The Plan apartment
Min SQM apartments (< 80% LVR)
Min SQM apartments (> 80% LVR)
Student accommodation
Vacant Land only Max Acreage (< 80% LVR)
Vacant Land only Max Acreage (> 80% LVR)
Other Policy/Notes:
Add other policies if not listed above
Self Employed
Select ALL Policy Types that apply
Allowable Add-backs
Tax Return assessment method (Average, 120% or lowest years)
Years of Tax Returns needed
Company Debts NOT included in Personal Servicing
Lending to Company/Trusts
Use of latest Tax return plus BAS to verify consistency of income
Company Dividends accepted
Directors wages accepted
Other Policy/Notes:
Add other policies if not listed above
Other Policies to check not listed above
Other Policies/Notes:
Add other policies here
LOAN PURPOSE
First Home Buyer
Select ALL Policy Types that apply
Max LVR incl LMI
Max LVR for Non Gen savings
Deposit: Borrowed funds accepted
Rent demonstrated as Genuine Savings
Favourable Purchase policy
Other Policy/Notes:
Add other policies if not listed above
Investment
Select ALL Policy Types that apply
Max LVR incl LMI
Max LVR for Non Gen savings
Percentage of rental income used for servicing
Is a signed rental lease agreement required to accept rental income for servicing
Other Policy/Notes:
Add other policies if not listed above
Vacant Land & Construction
Select ALL Policy Types that apply
Max LVR incl LMI
Max LVR for Non Gen savings
When is FHOG released
Interest Only for land loan
Inclusions not allowed in a build contract
Owner Builders accepted
Lending to Company/Trusts Lending
Multiple dwelling construction allowed. How many?
Vacant Land: max time it can be kept before need to build
Other Policy/Notes:
Add other policies if not listed above
Refinance/Debt Consolidation
Select ALL Policy Types that apply
Max LVR incl LMI
ATO Debt refinance allowed
Business Debt refinancing using owner occupied property/rates
Maximum number of consolidated debts allowed
Fast Refi process
Cash out policy & evidence required
Max LVR for cash out
Car loan consolidation over a 30 year term accepted
Other Policy/Notes:
Add other policies if not listed above
Near Prime/Specialist (incl Alt Doc)
Select ALL Policy Types that apply
Pay out Part 9 Debt Agreements/Tax debt
Minimum ABN period
Months of Business Bank Statements required
Number of Quarters BAS required
Accountants Declaration Only
Cashout policy
Max LVR for Alt Doc
Construction/Vacant Land accepted
Lending to Company/Trusts
Credit default dollar amount maximum
Credit default date listed accepted
Credit default type accepted
Other Policy/Notes:
Add other policies if not listed above
Multiple Dwelling Developments
Select ALL Policy Types that apply
Max LVR
Multiple Units allowed on a single title max
Lending to Company/Trusts
Other Policy/Notes:
Add other policies if not listed above
Family Guarantee
Select ALL Policy Types that apply
Debt consolidation or cash out accepted
Purchase of Investment property accepted
Construction acceptable
Vacant Land as security
Pensioner with Owner Occupied security accepted
Limited Guarantee
Max LVR
2nd Mortgage accepted
Split loan Required (1. Borrower 2. Guarantor)
Term Deposit for Guarantor acceptable as security
Max age of Guarantors
Retired Guarantors accepted
Other Policy/Notes:
Add other policies if not listed above
Bridging
Select ALL Policy Types that apply
Max LVR
Assessed at Peak Debt or End Debt
Construction allowed
Maximum Bridging term
2nd Mortgages
Other Policy/Notes:
Add other policies if not listed above
Business/Commercial
Select ALL Policy Types that apply
Max LVR
Security type
Servicing requirements
Other Policy/Notes:
Add other policies if not listed above
Overseas Borrowers
Select ALL Policy Types that apply
Max LVR
Is the country the income is earned in acceptable
Location of Applicant(s)
Other Policy/Notes:
Add other policies if not listed above
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Additional Notes/Scenario in more detail
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Broker Name
Broker Email Address
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