Before we can assess your suitability for a loan we need to ensure that you can comply with the lenders requirements. Each bank will have different requirements and can actually assess your loan quite differently.
- Overtime: If you earn overtime some banks may need you to show the amount of overtime is consistent for a period of 2 years, while others look at the consistency over 6 months and another may not accept it at all.
- Savings: Some lenders may require you to show genuine savings. For one lender this may mean regular savings going into the same account for 6 months while another lender may only need 3 months and another lender will accept seeing that you pay your rent on time.
- Lenders have so many different requirements and each will assess quite differently. So what we do is assess everything against the lenders requirements to rule out or rule in a particular lender.
So in short we need all your supporting documents before we proceed with a recommendation. Anything short of this and we would not be acting in your best interest.
In the event you do not have everything we have requested just let us know as we will then search for a lender that may not have that requirement.
Click here for a list of documents required.