LOAN APPLICATION CHECKLIST. AFGHL AFG Direct

Transcription

1 22 Delhi Street West Perth WA 6005 PO Box 710 West Perth WA 6872 LOAN APPLICATION CHECKLIST Tel: Fax: AFGHL AFG Direct ALL APPLICATIONS Completed and signed application form Signed Privacy Act Business Purpose Declaration (where app.) Lo doc Declaration/Accountant Declaration (where app.) Serviceability Calculator FUNDER & LMI if applicable ALL TAX FILE NUMBERS MUST BE DELETED PRIOR TO LOAN SUBMISSION AML/CTF Form inc. copies of identification PAYG APPLICATIONS 1 x Latest payslip (no older than 30 days) AND Latest payment summary or tax assessment notice (Other combinations may be acceptable) RENTAL INCOME Rental agreement/2 x latest statements Agents letter for proposed rental or valuation figure SELF EMPLOYED APPLICATIONS Last 2 years full company tax returns and financials and Last 2 years personal tax returns and notice of assessment PURCHASE APPLICATIONS Contract of sale/contract Note (Form 27C if QLD) Completed FHOG application (if applicable) Evidence of Genuine savings where the LVR exceeds 85% (5% over a 3 month period) Full evidence of funds to complete Stat. Dec. for gifted funds REFINANCE APPLICATIONS Rates Notice for property being refinanced Mortgages/Secured Loans Statements Last 6 months Credit/Store Cards Last 3 months statements CONSTRUCTION LOANS NOT AVAILABLE TRUSTS (unit and discretionary/family ONLY) Full trust deed Last 2 years full tax returns for the trustee (Required where trustee company is trading) SUPPORTING INFORMATION File notes including Finance Approval Due Date Settlement Due Date SUPPORTING DOCUMENTS SUBMISSION Documents should be sent via either to afghldocs@applyonline.com.au Fax to using Fax Bar Code This is preferred method Introducer Signature

2 Loan Application Form For prompt approval please fax to: Australian Finance Group Attention: AFG Home Loans Fax number: Phone: Sales Team Loan Writer Loan Writer Phone No NCCP Registration Number Introducer Company Loan Writer Fax No Loan Writer Product Account 1 Account 2 Account 3 Account 4 AFG HL ABL Home Loan Home Loan Home Loan Home Loan Line of Credit Line of Credit Line of Credit Line of Credit Lo Doc Loan Lo Doc Loan Lo Doc Loan Lo Doc Loan Lo Doc 70 (No LMI) Lo Doc 70 (No LMI) Lo Doc 70 (No LMI) Lo Doc 70 (No LMI) 100% Offset Acct. 100% Offset Acct. 100% Offset Acct. 100% Offset Acct. AFG HL Direct Pro Home Loan Basic Home Loan Non Genuine Savings Low Doc H/Loan Line of Credit Offset Account Pro Home Loan Basic Home Loan Non Genuine Savings Low Doc H/Loan Line of Credit Offset Account Pro Home Loan Basic Home Loan Non Genuine Savings Low Doc H/Loan Line of Credit Offset Account Pro Home Loan Basic Home Loan Non Genuine Savings Low Doc H/Loan Line of Credit Offset Account AFG HL Precision Home Loan Equity Line Pro Pack Home Loan Equity Line Pro Pack Home Loan Equity Line Pro Pack Home Loan Equity Line Pro Pack Loan Amount Facility Required $ $ $ $ Loan Term years Loan Term years Loan Term years Loan Term years Principal & Interest Principal & Interest Principal & Interest Principal & Interest Interest Only years Interest Only years Interest Only years Interest Only years Construction Construction Construction Construction Fixed Rate years Fixed Rate years Fixed Rate years Fixed Rate years Variable Rate Variable Rate Variable Rate Variable Rate Interest Rate % Interest Rate % Interest Rate % Interest Rate % Loan Purpose O/Occ Investment Business Construct O/Occ Investment Business Construct O/Occ Investment Business Construct O/Occ Investment Business Construct 2

3 Loan Purpose 1 Loan Purpose 2 Account: Account: Purchase/Refi Additional Funds Fees/Costs Less Own Funds Loan Amount Purchase/Refi Additional Funds Fees/Costs Less Own Funds Loan Amount Borrower s requirements and objectives (MUST BE COMPLETED IN DETAIL. Examples: Purchase property at 123 Road Street Suburb for $123,000 as principal place of residence. Have access to redraw and minimum payments for first three years. Intend to sell house in five years and move to a retirement home. Plan to renovate and re sell) Type of borrower Individual or Joint Account Company Trust Partnership Non Resident Company Mortgagor / Borrower / Trustee / Guarantor Registered Company Name Registered Address Principal Place of Business ACN / ABN Industry Principal Activity Date of Incorporation: Fax Number: Phone Number: Trust Mortgagor / Borrower / Guarantor Full trust name Type of Trustee Company Individual Trustee Name Principal Beneficiaries Year Established Country Established Type of Trust Individuals Details Mortgagor Borrower Guarantor Mortgagor Borrower Guarantor Title Surname Title Surname First Name Middle First Name Middle DOB: Male Female DOB: Male Female Residential Address Residential Address Suburb State Post Code Suburb State Post Code Years at address D/L No Years at address D/L No address address Home Phone Fax Home Phone Fax 3

4 Work Phone Mobile Work Phone Mobile Previous Address (If less than 3 years) Previous Address (If less than 3 years) Suburb State Post Code Suburb State Post Code Years spent at address Name and address of nearest living relative not living with you Years spent at address Name and address of nearest living relative not living with you Relationship Phone No Relationship Phone No No. of dependants Adults Children No. of dependants Adults Children Ages of children (if applicable) Ages of children (if applicable) Martial status Marital status Current employer Current employer Occupation Years there Occupation Years there Previous employer (if less than 3 years) Previous employer (if less than 3 years) Occupation Years there Occupation Years there Solicitor (or representative s) details Name of firm Contact Address Suburb Post code Phone No. Fax No. Self employed applicants Your trading name Name of accountants firm Accountant s name Phone No. Fax No. Residential address after settlement of mortgage / mailing address Address Suburb State Post code Security offered for the loan Property 1 usage Owner occupied Investment Already Owned Purchase Intended Mortgagor(s) Address of property Property 2 usage Owner occupied Already Owned Intended Mortgagor(s) Address of property Investment Purchase State Post code State Post code Person to contact for key Person to contact for key Phone Mobile Phone Mobile Estimated value of security OR purchase price $ Estimated rental value (per month) $ Estimated value of security OR purchase price $ Estimated rental value (per month) $ 4

5 Assets & liabilities statement Monthly Amount Owing / Value Repayments Limit Residence Address $ $ $ Furniture $ $ $ Vacant Land $ $ $ Rental property address Rental property address $ $ $ $ $ $ M/Vehicle $ $ $ M/Vehicle $ $ $ Savings $ $ $ Credit Cards Limit $ $ Credit Cards Limit $ $ Store Cards Limit $ $ Superannuation $ $ $ If renting (monthly rent) $ $ $ Other $ $ $ Total $ $ $ Annual Income Gross salary 1 $ Gross salary 2 $ Rental 1 $ Rental 2 $ Depreciation $ Interest (Refinance only) $ Pensions / Benefits etc $ Total $ Financier & Account Number Consolidate Y / N 5

6 PRIVACY CONSENT Australian Finance Group Ltd ABN and any other company in the corporate group (AFG), any credit provider, loan manager, and the lenders mortgage insurers listed below, (The Relevant Parties) may use personal information about you for the purpose of assessing, arranging or providing credit, assess the risk of providing lenders' mortgage insurance in respect of credit which may be provided to me/us (including the risk of the Guarantor(s) being unable to meet a liability that might arise under a guarantee), assess and manage risk, involving credit scoring and portfolio analysis, comply with legislative and regulatory requirements, insuring credit and for direct marketing of products and services offered by AFG or any organisation AFG is affiliated with or represents. The information provided by you will be held by AFG and the lenders mortgage insurers. You can gain access to the information held about you by contacting AFG and the lenders mortgage insurers. You have the right to request not to receive direct marketing material. By signing below, you agree that AFG, the lenders mortgage insurers, any mortgage broker, mortgage originator, mortgage manager, and any other person or company who at any time provides or has any interest in the credit can do any of the following at any time (including before a loan is made, and at any time throughout the term of the loan, including without limitation if you request an increase or variation to your loan). 1. Commercial credit information: Seek and use commercial credit information about you to assess an application for consumer credit or commercial credit. 2. Consumer credit information: Seek and use a credit report containing consumer credit information about you to assess an application for commercial credit or consumer credit. 3. Collection of overdue payments: Seek and use a credit report about you provided by a credit reporting agency to collect overdue payments from you. 4. Provide information to mortgage insurer: Provide information to a mortgage insurer to assess the risk of providing mortgage insurance or to assess the risk of default. 5. Exchange of information between credit providers: Seek from and use or give to another credit provider any information about your account, credit worthiness, credit standing, credit history or credit capacity. In particular, AFG may provide a bank opinion on you. 6. Exchange of information with originators: Seek from and use or give, personal information and details of your account to any mortgage broker, mortgage originator, or mortgage manager. 7. Exchange of information with advisers: Seek from and use or give to any originator, financial consultant, accountant, lawyer, or other adviser acting in connection with any financing provided or proposed to be provided to you, any personal information, consumer credit or commercial credit information. 8. Provide information to credit reporting agencies: Give to a credit reporting agency personal or commercial information about you. The information may include identity particulars; the fact that credit has been applied for and the amount; the fact that AFG is a current credit provider to you; payments which become overdue more than 60 days, and for which action is commenced; advice that payments are no longer overdue; advice that cheques drawn by you have been dishonoured more than once; in specified circumstances that in the opinion of AFG you have committed a serious credit infringement; and the credit provided to you by AFG has been paid or otherwise discharged, and otherwise in connection with arrangements relating to lenders mortgage insurance. 9. Provide information for securitisation: Disclose any report or personal information about you to another person in connection with funding financial accommodation by means of an arrangement involving securitisation, or any other proposed transfer of or proposed dealing with your loan. 10. Provide information to Guarantors: Provide information to any person who proposes to guarantee or has guaranteed repayment of any credit provided to you, or has guaranteed or provided security (guarantor) to: Decide whether to act as a guarantor; or To keep the guarantor informed about the guarantee. 11. Provide information in relation to disputes and enquiries: Disclose consumer credit information, commercial credit information, and personal information to any industry body, tribunal, or court or otherwise in connection with any complaint regarding the approval or management of your loan for example if a complaint is lodged about any mortgage broker or lender who dealt with your loan. 12. Disclose personal information: Disclose personal information about you as required by law, or to organisations involved in providing credit to you, any associate or contractor of AFG, (including, for example, stationery printing houses, mail houses, lawyers, accountants), or people considering acquiring an interest in AFG business or assets. 13. Verification of Identity: Seek and use your Personal Information for assessment and verification in compliance with obligations under the Anti Money Laundering and Counter Terrorism Financing Act 2006 ( AML/CTF Act ) and request further Personal Information from you, even if such Personal Information was previously sought. You consent to the originator or credit provider disclosing your personal information to a third party who provides services in respect of verification for AML/CTF purposes. You acknowledge that if you do not provide the Personal Information required, the Originator, Credit provider or Mortgage Insurer may not be able to provide you with credit or other products and services. 6

7 In this notice, the Credit Provider may be one of but is not limited to: Perpetual Limited ACN Permanent Custodians Limited ACN Perpetual Trustee Company Limited ACN Perpetual Corporate Trust Limited ACN Resimac Limited ACN Firstmac Limited ACN and it s associated entities. BNY Trust Company of Australia Limited ACN ING Bank (Australia) Limited ACN Bendigo and Adelaide Bank Limited ACN In this notice, the lenders mortgage insurers means: QBE Lenders Mortgage Insurance Ltd Genworth Financial Mortgage Insurance Pty Ltd (ACN ) (ACN ) PMI Indemnity Limited (ACN ) Level 23, 259 George Street, Sydney NSW 2000 Level 23, 50 Bridge Street, Sydney NSW 2000 Tel: (02) Toll Free call Signatures of Borrower(s) and date Borrower (1) Date Borrower (2) Date Signatures of Guarantor(s) and date Guarantor (1) Date Guarantor (2) Date Statement by proposed Guarantor (Section 18K (1)(c)Privacy Act 1988) Please read carefully before signing. In order to assess my application to guarantee a loan to the person(s) named above, I consent to the Originator Manager obtaining from a credit reporting agency, a credit reporting agency, a credit report containing Consumer Credit information about me. 7

8 APPLICANT DECLARATION 1. Have you ever been declared bankrupt or insolvent, or has your estate ever been assigned for the benefit of creditors? 2. Have you ever been a shareholder or officer of any company of which an administrator, receiver or liquidator has been appointed? 3. Is there any unsatisfied judgment entered in any court against you, or any company of which you are or were a shareholder or officer? 4. Have you or any company with which you were associated, ever had a property sold through mortgagee proceedings? 5. Has any part of the deposit, or balance due excluding this loan ever been obtained from borrowing s? 6. Have you, or any other person, submitted an application in respect of this loan to another lender? If yes please give details 7. Have you ever been registered with Veda Advantage as being in default? If yes please give details 8. Are you the director or shareholder of any companies? If yes please give details 9. Is this application being made on behalf of a trust? If yes please give details 10. Are you a guarantor to another loan? If yes please give details 11 Are you aware of any expected change in your circumstances that may alter your financial situation or ability to repay the loan, including any expected change in your income or expenses? If yes please give details I/We certify that the above statements are true and correct and will remain true and correct until I/We notify you otherwise in writing. I/We agree to pay all costs and expense reasonably incurred in relation to this application, to the extent that law permits such payments. I/We authorise you to arrange a valuation of the security offered. I/We understand that any valuation remains the property of the Lender and will not be released to me/us, and that no refund of valuation fees will be, made in the event that the valuation does not meet your requirements. My solicitor/agent is authorised to accept any notification on my/our behalf. If a loan is approved in principle and/or conditions are satisfied you will issue me/us a letter of offer. If I/we accept the offer I/We will be bound by its terms and conditions. Applicant / Guarantor Applicant / Guarantor Name (please print) Name (please print) Applicant signature Applicant signature Date Date 8

9 JOINT DEBTORS / BORROWERS ADDRESS FOR NOTICES NOMINATION FORM It is your responsibility to advise us of any change of address. Each Borrower is separately entitled under the National Credit Code to receive a copy of any notice or other document under the National Credit Code. By signing below, you give up the right to be provided with multiple copies of information direct from the Lender, and nominate one person to receive this information. Debtors / Borrower s Nomination I/We nominate [Full name of Person nominated] to receive notices and other documentation under the National Credit Code on behalf of me/all of us. Please only sign below if each wish to nominate one of you. Only a person who is a Borrower may be the person nominated. Any Borrower who has signed this form can advise the Lender at any time in writing that they wish to cancel their nomination. Following any cancellation, the Lender will from then on provide each joint Borrower with their own separate copy of any notice or other document under the National Credit Code. Note, only a person who is a borrower may be the person nominated and this nomination only applies to borrowers, it will not apply to guarantors. Applicant Applicant / Guarantor Name (please print) Name (please print) Applicant signature Applicant signature Date Date DECLARATION UNDER THE NATIONAL CREDIT CODE WHERE THE CREDIT IS TO BE APPLIED WHOLLY OR PREDOMINANTLY FOR BUSINESS OR INVESTMENT PURPOSES OTHER THAN INVESTMENT IN RESIDENTIAL PROPERTY I/We declare that the credit to be provided to me/us by the credit provider is to be applied wholly or predominantly for business or investment purposes other than investment in residential property. IMPORTANT YOU SHOULD ONLY SIGN THIS DECLARATION IF THIS LOAN IS WHOLLY OR PREDOMINANTLY FOR: business purposes; or investment purposes other than investment in residential property. BY SIGNING THIS DECLARATION YOU MAY LOSE YOUR PROTECTION UNDER THE NATIONAL CREDIT CODE. Applicant Applicant Name (please print) Name (please print) Applicant signature Applicant signature Date Date 9

10 Introducer Declaration (This MUST be completed by the introducer in ALL CASES) I,, hereby make the following representations: 1. I certify that all documents accompanying this application are true and correct copies of the originals, which I have sighted. Copies of these documents I now hold on file with the original loan application. 2. The applicant/each of the applicants has/have demonstrated sufficient English fluency to understand the loan and its implications: If no, please provide details, 3. The applicant/each of the applicants has/have demonstrated sufficient financial literacy to understand the loan and its implications: If no, please provide details, 4. I have made a preliminary assessment that the proposed loan is not unsuitable and is appropriate as required under the NCCP Responsible Lending obligations. Signed Dated of interview Name Dated Application / Valuation Fee Payment Authority Payment by Credit Card Received from Mr Mrs Miss Other (please specify) Surname First Name Middle Name Please debit my MrVisa Mastercard For the amount of $ Card number Expiry Date / Signature 10

11 Responsible Lending: Additional application data Broker Details Broker Assigned APP ID Broker Company Name Broker Accreditation Number Broker Name Contact Number Foreseeable change in circumstance Borrower 1 Has the borrower identified anything that may adversely affect their ability to meet current and future obligations? Yes No Description Temporary decrease in Income Permanent decrease in Income Anticipated Large Expenditure Estimated start End How will the foreseeable change to circumstance be migrated? My application reflects these changes Securing additional income Reducing Expenditure Using Savings Borrower 2 Has the borrower identified anything that may adversely affect their ability to meet current and future obligations? Yes No Description Temporary decrease in Income Estimated start End How will the foreseeable change to circumstance be migrated? My application reflects these changes Securing additional income Reducing Expenditure Using Savings Refinance reasons Loan purpose Refinance reasons Estimated Refinance Costs Liability Liability Liability Consolidate Financials Convenience / Flexibility Specific features Cost Reduction Quality of service Est. Exist Costs Est. Exist Costs Est. Exist Costs 11

12 Witness Certificate for Identification The person completing this certificate (and certifying copies of the identification documents) must be over the age of 18, must be an Acceptable Witnesses (as set out in the accompanying list), and must not be a party to this transaction. Please identify the borrower using one document from Section 1 Primary Photographic Documentation & one document from Section 2 - Non-Photographic Documentation, signing and dating a copy of the identification. Also, please complete all questions under Checks Completed section, ticking each box. Borrower: [print name of person being identified] Certification: I, [Name], [Occupation] of, [Address] [Signature] [Date] Certify that I have sighted the original identification documents supplied to me by the borrower at the time this form was completed have identified the borrower via of the following means of identification [please tick 2 boxes as per the above instructions]: Section 1 Primary Photographic Documentation ONE of the following: Tick Driver's license (photographic): Passport (not expired by more than two years): National identity card (photographic): State: Number: Expiry: Country: Number: Expiry: State: Number: Expiry: Official Government issued ID Card (photographic): State: Issued by: Number: Expiry: Section 2 Non-Photographic Documentation ONE of the following: Birth Certificate Citizenship Certificate Pension Card or Health Care Card issued by Centrelink Financial Benefits Statement issued by the Commonwealth or State within the last 12 mths Income Tax Assessment Notice issued by the ATO within the last 12 months Checks Completed Yes No The documentation provided is current or within acceptable time frames All photographic identification is a "reasonable likeness" to the individual Nothing in my dealings with the customer have raised any suspicions Face to face verification of the customer was carried out by me EDI VQG

13 2 Acceptable Witness List (1) a person who is currently licensed or registered under a law to practise in one of the following occupations: Chiropractor, Dentist, Legal practitioner, Medical practitioner, Nurse, Optometrist, Patent attorney, Pharmacist, Physiotherapist, Psychologist, Veterinary surgeon. (2) a person who is enrolled on the roll of the Supreme Court of a State or Territory, or the High Court of Australia, as a legal practitioner (however described); or (3) a person who is in the following list: Agent of the Australian Postal Corporation who is in charge of an office supplying postal services to the public Australian Consular Officer or Australian Diplomatic Officer (within the meaning of the Consular Fees Act 1955) Bailiff Bank, Building Society officer or Credit Union Officer with 2 or more continuous years of service Chief executive officer of a Commonwealth court Clerk of a court Commissioner for Affidavits Commissioner for Declarations Fellow of the National Tax Accountants Association Holder of a statutory office not specified in another item in this list Judge of a court Justice of the Peace Magistrate Marriage celebrant registered under Subdivision C of Division 1 of Part IV of the Marriage Act 1961 Master of a court Member of Chartered Secretaries Australia Member of Engineers Australia, other than at the grade of student Member of the Association of Taxation and Management Accountants Member of the Australasian Institute of Mining and Metallurgy Member of the Australian Defence Force who is: (a) an officer; or (b) a non-commissioned officer within the meaning of the Defence Force Discipline Act 1982 with 5 or more years of continuous service; or (c) a warrant officer within the meaning of that Act Member of the Institute of Chartered Accountants in Australia, the Australian Society of Certified Practising Accountants or the National Institute of Accountants Member of: (a) the Parliament of the Commonwealth; or (b) the Parliament of a State; or (c) a Territory legislature; or (d) a local government authority of a State or Territory EDI VQG

14 3 Minister of religion registered under Subdivision A of Division 1 of Part IV of the Marriage Act 1961 Notary public Permanent employee of the Australian Postal Corporation with 5 or more years of continuous service who is employed in an office supplying postal services to the public Permanent employee of the following with 2 or more years of continuous service who is not specified in another item in this list: (a) the Commonwealth or a Commonwealth authority; or (b) a State or Territory or a State or Territory authority; or (c) a local government authority; Police officer Registrar, or Deputy Registrar, of a court Senior Executive Service employee of: (a) the Commonwealth or a Commonwealth authority; or (b) a State or Territory or a State or Territory authority Sheriff or Sheriff s officer Teacher employed on a full-time basis at a school or tertiary education institution EDI VQG