Typically, you'll need proof of income (payslips, tax returns), identification documents (passport, driver's licence), bank statements, and details of your assets and liabilities.

The minimum deposit amount varies by lender, but it's generally 5% of the property value. Having a larger deposit (over 20%) reduces the need for Lenders Mortgage Insurance (LMI), which saves you money in the long run.

LMI protects the lender if you default on your loan. It's generally mandatory if you borrow more than 80% of the property value.

Saving a larger deposit (over 20% of the property value) eliminates the need for LMI. Some lenders offer low-deposit options with LMI factored into the loan amount. There are other factors to eliminate LMI, if you’re an essential worker, for instance. We can talk about this to see if you are exempt.

A fixed rate locks your interest rate for a set period, offering stability. A variable rate can fluctuate with market conditions, potentially offering lower rates but with more risk. We write about this in our blog.

The comparison rate includes the interest rate and most fees associated with the loan, giving you a clearer picture of the true cost.

Pre-approval gives you a clear idea of how much you can borrow, strengthening your offer when purchasing a property.

YES! Lenders may require additional documentation to verify your income, such as tax returns showing consistent income over a period.

Yes! Equity can be used for a variety of purposes, including a deposit for a new property or a redraw facility on your existing loan. We can talk about using equity as part of your borrowing strategy.

Joint tenancy and tenants in common are common ownership structures. Some lenders can even split the loan. We can talk about a loan structure that suits your situation and risk tolerance.