Preparing For Your Mortgage – Documentation

This article is current as at September 2021

Being prepared isn’t just for Scouts. When applying for a mortgage you can significantly reduce wait time by providing all required documentation upfront.

Documentation you may need:

  • A copy of your current passport (or driver license and birth certificate).
  • If you are employed:
    • your 3 most recent payslips.
    • 2 years confirmation of any bonuses you receive.
  • If you are self-employed:
    • accountant prepared financials.
  • 3 months of your spending account statements (Note: these must include the bank accounts that receive your wages).
  • 3 months of your savings account statements.
  • A printout or screenshot showing the balance of any KiwiSaver accounts (only required if you plan to use KiwiSaver for your deposit).
  • If you are receiving a gift from your family:

The above probably looks like a lot of documentation! But it actually amounts to: ID, income, bank statements and proof of deposit.

Our online course “How To Buy Your First Home” walks you through each step to present yourself to the bank as the perfect first-home buyer.

Optional documents:

These documents aren’t necessary at the approval stage. However showing them can make the bank more relaxed about your application.

  • If you are looking at a specific property, provide any property documents you have. Usually this arrives as a tender pack or an auction pack from the real estate agent.
  • If you are purchasing the property in a trust:
    • a copy of the trust deed.
  • If you have a student loan:
    • a copy of your student loan balance from the IRD website.
  • If you are purchasing an investment property:
    • a copy of a rental assessment from a rental firm or a real estate agent.

Any bank that receives this information at the time of the application will happily assess your file as quickly as possible.

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