Darling Point Home Loans: Preparing a Larger Loan Application

For a larger home loan in Darling Point, prepare a clear picture of both the proposed purchase and your wider financial position. Property equity, investments and income should be documented separately so your broker can explain what is available for the transaction and what will support ongoing repayments.

Brampton Finance helps borrowers compare suitable loans and organise their applications. This guide sets out the information to prepare without assuming that a high asset value guarantees approval.

Define the loan request

Set out the proposed purchase price, deposit, requested loan, transaction costs and settlement date. Explain whether the apartment or house will be your home, an investment or part of a move involving another property.

For an owner-occupied purchase, review our home loan service. If the property will be rented, discuss investment lending and provide the relevant rental information. Flag planned changes in use before an application is submitted.

Separate available cash from assets you intend to retain

List cash available now, investments you may sell, expected property-sale proceeds and assets you intend to keep. Record who owns each asset and any debt secured against it. Ask your advisers to check the timing and wider consequences of selling investments or moving funds.

Do not count the full value of an asset as available cash. Identify the steps, costs and outstanding approvals needed before any proposed release of funds. Include a buffer for expenses after settlement.

Show all existing debts and commitments

Provide statements for existing mortgages and other loans, together with credit card limits and relevant repayment commitments. Explain loans held jointly or through entities and any guarantees so your broker can identify further information the selected lender may require.

If an existing debt is to be repaid from a sale or refinanced, state the intended source of repayment and timing. Distinguish a planned payout from one that has already occurred, and keep supporting records.

Prepare evidence of ongoing income

Provide current evidence for the income you want assessed, including salary, business income, distributions or rent as relevant. Explain material changes to employment, business arrangements or future working hours. Avoid counting the same income both personally and through an entity.

The Woollahra mixed-income guide and self-employed home loan service cover related preparation. Your broker can discuss the evidence needed for the proposed lender and circumstances.

Match the funding plan to the settlement date

Explain whether another property must sell first, whether contracts are signed and when funds are expected. Use the South Coogee buying-before-selling checklist if your purchase depends on a sale. Discuss any proposed bridging finance separately before relying on it.

For an apartment, prepare the ownership, floor-plan and parking details using the Elizabeth Bay property checklist. Have appropriate advisers review the contract and property records.

Review any pre-approval conditions before committing; conditional pre-approval does not guarantee final approval. Explore our Eastern Suburbs finance guides or discuss your Darling Point loan on 02 9389 1077. We act as your broker; the selected lender makes the credit decision. General information only. Finance is subject to assessment and approval.