Buying an investment property is a great way to build your wealth, but also represents a big financial commitment. That’s where we come in, with a range of investment home loan options to suit your purchasing needs. There are some important pieces of paperwork we’ll need you to provide when you apply for your loan and also to complete the purchase of the property.
Paperwork you’ll need to apply
To apply for one of our investment home loans you’ll need to supply us with documents detailing:
- Your income
- Any loans and savings you have
There may be a few other documents to provide, depending on your particular circumstance.
Steps for buying your property
Once you have your pre-approval in place there a few more steps before you get the keys to your property at settlement. These are:
- Paying the deposit
- Signing the contract
- Arrange a Solicitor
The steps to buying an investment property are essentially the same as the buying process for your own home. Variations occur at the contract stage where you’ll need to purchase home insurance, and at settlement landlords insurance due to tenants moving in instead of you.