Application Form / Fact Find

Transcription

1 Thank you for allowing Stanley Finance help you to secure your mortgage. The next few pages will ask you all the important questions necessary to understand and assess your current financial situation. Please complete each section as thoroughly as possible to avoid any delays in the process. If you have any queries regarding your application, please call Bertie on or Important Information: As of 1 July 2010, the Financial Services Industry requires all lenders and finance brokers / credit advisors to comply with new regulation processes when servicing borrowers. In order for us to comply with this criteria, we need you to become more involved in your loan process. This is very positive, as you will be fully informed on a one-on-one basis in detailing the following: Gathering loan and personal information and documentation Assessing your current affordability and ability to repay the loan Establishing your loan requirement needs Financial services products to protect your assets and liabilities, including insurance Document Checklist: Application Form Front page of purchase contract (signed & exchanged) 100 Points of ID (must be originals or certified copies) Drivers Licence (40 points) Passport or Birth Certificate (70 points) If these documents cannot be located other acceptable documents can be used such as Medicare Card, Bank Statements, Marriage Certificate etc. For employees (PAYG applicants): Last 3 pay slips showing year to date earnings (most recent to be less than 1 month old) AND Most recent tax return or group certificate If new job/promotion: Copy of employment contract and/or letter from employer stating position, commencement date, if still on probation, gross income, year to date, regular overtime and allowances For Self-Employed & Company applicants ALL of the following: Last 2 years personal tax returns and Notices of Assessment Last 2 years business/company tax returns and Notices of Assessment Last 2 years business financial statements (P&L, balance sheet) Last 2 years tax returns of directors/partners/guarantors Rental Income (if applicable): Proof of existing rental income (e.g. rental statements or tenancy agreements) Proof of proposed rental income (e.g. letter from Real Estate Agent or tenancy agreement not from selling agent) Centrelink statement/letter showing name of applicant and current entitlements e.g. family allowance (if applicable) Last 6 months statements for all loans (most recent to be less than 1 month old) Last 6 months statements for all bank/savings accounts (most recent to be less than 1 month old) Last 3 months statements for all credit card(s) Most recent Lease / CHP / personal loan statement Latest rates notices for all properties owned Most recent Superannuation statement Confirmation of share portfolio Confirmation of term deposits Details of any extraordinary expenses (e.g. private school fees, maintenance payments etc.) Gift: Statutory declaration (if any part of the deposit is a gift), stating the amount of the gift and that it is non-repayable Refinancing: Last 12 months loan statements AND proof of property ownership (e.g. rates notice) Building/Renovating: Copy of plans, specifications and fixed price contract PO Box 974 Mudgee NSW borrow@stanleyfinance.com.au ABN: Australian Credit Licence:

2 Section 1: APPLICANT 1 Section 1a: Personal Details Title Mr. / Mrs. / Miss / Other Surname First Name Middle Name Maiden Name Gender Date of Birth Marital Status No. of dependents Age(s) of dependents Home Phone Mobile Bus. Phone (es) Drivers Licence Number Expiry Date Issuing State Details of nearest relative not living with you: Name Relationship Phone Current Residential Status Current residential address Section 1b: Residential Details (please provide last 3 years of residential history) Owner (with mortgage) Owner (no mortgage) Renting Boarding Living with relatives Supplied by employer Date moved in Time at current address Years Months Previous Residential Status Previous residential address Owner (with mortgage) Owner (no mortgage) Time at previous address Years Months Renting Boarding Go to Section 1g if more space needed Living with relatives Supplied by employer Section 1c: Employment Details (please provide last 3 years of employment history) Are you Self-Employed? Yes, go to Section 4, complete this section Current Employment Full-time Casual Status Part-time Contractor Occupation Job Title Employer s Name Employer s Employer s Employer s Phone t Employed / Home Duties Other Date Commenced Time at current employment Years Months If less than 6 months, is applicant on probation? Yes Date probation ends Gross Annual Salary Previous Employment Status Previous Employer Previous Occupation Full-time Part-time Casual Contractor NB Figures NOT to include superannuation/bonus/overtime t Employed / Home Duties Other Page 1

3 Prev. Employer s Previous Employer s Time at previous employment Gross Annual Salary Business Name Trust Name and Details Registered Nature of Business Gross Annual Salary Employer s Phone Years Months N.B. Figures NOT to include superannuation/bonus/overtime Go to Section 1g if more space needed Section 1d: Complete this section if Self-Employed in the last 3 years ABN N.B. Figures NOT to include superannuation/bonus/overtime Section 1e: Additional s List any additional source(s) of income (i.e. second job, rent, dividends, Family Tax Benefit allowance etc.): Section 1f: List any Company Directorships Section 1g: Additional Information Page 2

4 Section 2: APPLICANT 2 Section 2a: Personal Details Title Mr. / Mrs. / Miss / Other Given Names Surname Preferred Name Maiden Name Gender Date of Birth Marital Status No. of dependents Age(s) of dependents Home Phone Mobile Bus. Phone (es) Drivers Licence Number Expiry Date Issuing State Details of nearest relative not living with you: Name Relationship Phone Current Residential Status Section 2b: Residential Details (please provide last 3 years of residential history) Same as Applicant 1 Yes (go to section 10) (complete details below) Owner (with mortgage) Renting Living with relatives Owner (no mortgage) Boarding Supplied by employer Current residential address Time at current address Years Months Previous Residential Status Previous residential address Owner (with mortgage) Owner (no mortgage) Time at previous address Years Months Renting Boarding Go to Section 2g if more space needed Living with relatives Supplied by employer Section 2c: Employment Details (please provide last 3 years of employment history) Are you Self-Employed? Yes, go to Section 4, complete this section Current Employment Full-time Casual Status Part-time Contractor Current Employer Occupation Job Title Employer s Employer s Employer s Phone t Employed / Home Duties Other Date Commenced Time at current employment Years Months If less than 6 months, is applicant on probation? Yes Date probation ends Gross Annual Salary Previous Employment Status Previous Employer Full-time Part-time Casual Contractor N.B. Figures NOT to include superannuation/bonus/overtime t Employed / Home Duties Other Page 3

5 Previous Occupation Prev. Employer s Previous Employer s Time at previous employment Gross Annual Salary Business Name Trust Name and Details Registered Nature of Business Gross Annual Salary Employer s Phone Years Months N.B. Figures NOT to include superannuation/bonus/overtime Go to Section 2g if more space needed Section 2d: Complete this section if Self-Employed in the last 3 years ABN N.B. Figures NOT to include superannuation/bonus/overtime Section 2e: Additional s List any additional source(s) of income (i.e. second job, rent, dividends, Family Tax Benefit allowance etc.): Section 2f: List any Company Directorships Section 2g: Additional Information Page 4

6 Section 3: ASSETS (What I/we Own) Section 3a: Real Estate Property Assets (do not include property/s being purchased with this transaction) Property 1 House Unit / Apartment Duplex Rural Primary Purpose Owner-Occupied Investment - Rental Income: Commercial Industrial Used as security? Yes Owner Applicant 1 Applicant 2 Both Existing Mortgage Balance Lender Clearing from this loan? Yes Current Repayments Account Number Property 2 House Unit / Apartment Duplex Rural Primary Purpose Owner-Occupied Investment - Rental Income: Commercial Industrial Used as security? Yes Owner Applicant 1 Applicant 2 Both Existing Mortgage Balance Lender Clearing from this loan? Yes Current Repayments Account Number Property 3 House Unit / Apartment Duplex Rural Primary Purpose Owner-Occupied Investment - Rental Income: Commercial Industrial Used as security? Yes Owner Applicant 1 Applicant 2 Both Existing Mortgage Balance Lender Clearing from this loan? Yes Current Repayments Account Number Section 3b: Cheque, Savings, Term Deposits and Other Accounts Account 1 type (e.g. savings) Bank/Institution (e.g. NAB) Owner (App 1 or 2 or both) Current Balance Account 2 type (e.g. savings) Bank/Institution (e.g. NAB) Owner (App 1 or 2 or both) Current Balance Account 3 type (e.g. savings) Bank/Institution (e.g. NAB) Owner (App 1 or 2 or both) Current Balance Page 5

7 Investment 1 type (e.g. shares) Section 3c: Investments, Superannuation, Life Insurance, Unit Trusts etc. Name of Institution Owner (App 1 or 2 or both) Current Cash Value Investment 2 type (e.g. super) Name of Institution Owner (App 1 or 2 or both) Current Cash Value Account 3 type (e.g. shares) Name of Institution Owner (App 1 or 2 or both) Current Cash Value Section 3d: Motor Vehicles Vehicle 1 Make (e.g. Ford) Model & Year Built Owner (App 1 or 2 or both) Current Market Value Vehicle 2 Make (e.g. Holden) Model & Year Built Owner (App 1 or 2 or both) Current Market Value Vehicle 3 Make (e.g. Subaru) Model & Year Built Owner (App 1 or 2 or both) Current Market Value Section 3e: Other Assets (Including Household Items, Personal Effects cash, boats, tools of trade etc.) Brief Description Owner (App 1 or 2 or both) Current Market Value Brief Description Owner (App 1 or 2 or both) Current Market Value Brief Description Owner (App 1 or 2 or both) Current Market Value Page 6

8 Section 4: LIABILITIES (What I/we Owe) Please provide details for all liabilities. Liability types include: home loan, overdraft, personal loan, investment loan, credit card*, business loan, vehicle lease etc. *Credit Cards state whether Visa, MasterCard etc. and include even if they have a zero balance. Section 4a: Current Credit Commitments Page 7

9 Section 5: Loan DETAILS Amount you wish to borrow For (select all that apply) How long do you intend to keep this loan? New Home Purchase New Investment Property Refinance Current Loan Refinance & payout other debts Build New Home Free Up Equity Buy Vacant Land Long Term (over 10 years) Medium Term (5-10 years) Do you qualify for the First Home Owners Grant Yes Unsure Refinance Business Debt New Business Loan New Agribusiness Loan New Equipment Finance Reverse Mortgage Other Short Term (less than 5 yrs) t Sure SECTION 6: LOAN SECURITY First Property Details of Property to be Mortgaged (If more than one security property, give details of the additional properties below. Attach additional information if required) of the Property Market Value of the Property Property Type (e.g. house) Title Particulars (if known) Post Code Type of Title Freehold Leasehold Strata Company Old System Approx. land Area Will you rent out the property? Yes Rental Income per month Who will own the property? Applicant 1 Applicant 2 Applicants 1 & 2 jointly Other Information? of the Property Second Property Details of Property to be Mortgaged Market Value of the Property Property Type (e.g. house) Title Particulars (if known) Post Code Type of Title Freehold Leasehold Strata Company Old System Approx. land Area Will you rent out the property? Yes Rental Income per month Who will own the property? Applicant 1 Applicant 2 Applicants 1 & 2 jointly Other Information? (If more than two security properties, attach additional information) Page 8

10 Section 7: PROFESSIONAL ADVISERS Solicitor / Conveyancer Name Contact Phone Accountant Name Contact Phone Real Estate Agent Name Contact Phone Other Name Contact Phone Home and Contents Insurance Do you have (or have you considered) Home and Contents Insurance? Yes Would you like a referral to an Insurance Broker to discuss your insurance needs? Yes Financial Planning Income Protection Have you considered how you will keep your home should you be unable to earn an income due to sickness or injury? Superannuation Have you considered how you will maintain your current lifestyle during retirement? Yes Yes Life Insurance Have you considered how you will provide for your partner and children in the event of your death? Yes Referral Would you like a referral to a Financial Planner or Insurance Broker to discuss your needs? Yes Page 9

11 Section 8: RESPONSIBLE LENDING FACT FIND Section 8a: Customer Objectives and Requirements Describe the property you are purchasing (location, description condition or any other relevant information we should know). What kind of loan are you considering Interest Only Principal & Interest Unsure What is the primary purpose for seeking credit Personal or Domestic Investment Do you require Mortgage Insurance (i.e. borrowing more than 80%)? Additional Details / Comments: Yes Has there ever been, or are there currently in progress, any financial judgements, defaults or le.g.al proceedings against any of the applicants? Section 8b: Credit History Yes (provide details below) Are all current credit/loan commitments up-to-date? Yes (provide details below how will you make all payments up to date?) Yes (provide details below) (go to Section 8c) Are any of the borrowers experiencing any financial stress from existing commitments? Have the borrowers formally or informally applied for hardship with their existing lender? Additional Details / Comments: Yes (provide details below) How concerned are you about rising interest rates? (The higher the number, the higher your concern) Section 8c: Financial Situation Would you consider taking out a fixed rate loan? Yes Unsure How would you rate your current job security? (The higher the number, the more secure you feel) Do you anticipate that your income will change materially in the next 6-12 months? Do you anticipate that your expenses will change materially in the next 6-12 months? Is there any other factor that you can think of that may materially affect your income or expenses in the next 12 months? Additional Details / Comments: Yes (provide details below) Yes (provide details below) Yes (provide details below) Page 10

12 Section 8d: Preferred Loan Features Have you borrowed money before? Yes If yes, how satisfied were you with those products / lenders? Very Satisfied Somewhat Satisfied Unsatisfied Are there any lenders you do not wish to deal with? Yes (provide details below) Is there any type of product that you are interested in? Do you have any preference as to the type of lender you deal with? Line of credit Fixed Rate Standard Variable Rate Major Bank Regional / 2 nd tier bank Professional Package Low Doc Loan Unsure Mortgage Manager Don t Mind Additional costs and/or risks are associated with many of the product features listed below. These will be discussed prior to the selection of your credit product. Must Nice to Feature(s) Unsure Comments Have Have Interest Only Minimise s by paying interest only Fixed and Variable Combination of fixed and variable interest rates Extra Repayments / Pay off quickly Make additional s so the loan can be paid off sooner Loan Redraw Access additional funds if required Offset Account Balance of savings account offsets loan balance to reduce interest Portability Transfer the loan to an alternate property Multiple Account Splits Total loan amount split into a number of different amounts Line of Credit A credit limit that you can draw on pay interest only each month Fixed Rate Option Certainty about the interest rate and/or s for a fixed time Loan Variations / Product Flexibility Flexibility to switch between products e.g. switch from variable to fixed, increase/decrease credit limit etc. Lender Package Have all savings and credit/loan products integrated Access to Lender Branch For face-to-face transactions Cheque Book Cheque book linked to loan or offset account Access to Internet Banking Access to Fee-Free ATM transactions Additional Details / Comments: Page 11

13 Section 9: DECLARATION I hereby agree that Stanley Finance may negotiate a loan on my/our behalf with a lender. I further agree to provide all information to Stanley Finance which they consider necessary to enable the negotiation of a loan. I declare that the information provided to Stanley Finance, is true and correct and further declare that I am over the age of eighteen (18) years. I agree that Stanley Finance may contact my employer, solicitor, accountant, real estate agent etc. if required to verify the information I have provided in this application. I acknowledge that no representation or warranty is given by the broker or lender as to the taxation consequences of any borrowing and I have obtained my own advice in that regard. I acknowledge and agree that if my/our application is approved any loan made by the lender to me/us will be subject to the lender's loan terms and conditions, a copy of which will be forwarded to me/us for signature with the lender's letter of loan approval. Full Name Applicant 1 Signature Applicant 1 Date Full Name Applicant 2 Signature Applicant 2 Date Page 12