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Loan purpose:

Owner occupied or investment property:

House and Land construction loans with progress payments.
Acceptable security:

Note: The dwelling(s) to be constructed is limited to a maximum of two residential dwellings on one title. Any development component, by either industry or property use (e.g. best use/project funding) is not acceptable.

Category 1 and Category 2 Postcodes
Suitable borrowers:

Prime only:

Salaried employees
Self-employed
Repayment types
During Construction: Interest Only
After Construction: Principal and Interest or Interest Only(up to 5 years)
Interest rate types
Variable rate
Loan size
Min $200,000
Max $1,500,000
Maximum LVR
80%
Maximum loan term
Up to 30 years
Repayment method
Monthly repayments by direct debit.
Online access
Through the Brighten Home Loans portal

How does it work?

1

Submit Your Application

We process your application and supporting documents, and issue you with a complimentary conditional written approval within 48 hours.

2

Valuation & Income Verification

We will begin our valuation and income verification process after Valuation Fee is settled.

3

Documents Signing

We will issue you the formal loan approval, then we will forward you all the necessary documents you need to sign.

4

Settlement

We finalise your settlement, and your loan is released to you. Congratulations!

Loan Application Documents Checklist

 

  • Brighten Easy Builder®

    Full Doc Construction Loan

  • Brighten Easy Builder®

    Alt Doc Construction Loan

Brighten Easy Builder®
Full Doc Construction Loan

Income Documentation – PAYG

  • 2 consecutive payslips; AND
  • 3 month bank statement showing salary paid by employer
  • Note: where serviceability is reliant on additional income from employment such as overtime, allowances, bonuses, the most recent PAYG summary / Single Touch Payroll (STP) summary must be provided.

Income Documentation – Self-employed

  • The last 2 years Financial Statements, including business/trust and personal Income Tax Returns; AND
  • Latest available tax assessment

Identification documents

  • Form of identification
  • Proof of Address (if Driver Licence is not provided)

Evidence of Funds

  • Showing funds to complete the land purchase and construction contract

Evidence of security

  • Copy of Contract of Sale for purchase of land and Fixed Price Building Contract; AND
  • Copy of the stamped Council Approved Plans and Builders All Risk Insurance Policy

Credit History

  • Paid defaults up to $500 may be considered

Brighten Easy Builder®
Alt Doc Construction Loan

ABN & GST

  • Active ABN for at least 2 years; AND
  • GST registration for at least 12 months (if Turnover >$75,000)

Income Documentation

  • Borrower Income Declaration; AND
  • One of the following:

  • Brighten Template accountant’s letter; OR
  • 6 months BAS; OR
  • 3 months business bank statements.

Identification documents

  • Form of identification
  • Proof of Address (if Driver Licence is not provided)

Evidence of Funds

  • Showing funds to complete the land purchase and construction contract

Evidence of security

  • Copy of Contract of Sale for purchase of land and Fixed Price Building Contract; AND
  • Copy of the stamped Council Approved Plans and Builders All Risk Insurance Policy

Credit History

  • Paid defaults up to $500 may be considered

Why Choose Brighten?

1

Superior Product Offering

Comprehensive offering for every purpose – Purchase, Refinance, Equity Release and Construction

2

Less Time to ‘YES’

Fast turnaround times supported by proprietary loan processing platform

3

Complimentary Assessment

Complimentary pre-assessment and conditional written approval

4

Diverse and Resilient Funding

Our loans are fully funded by multiple sources of institutional capital including top tier international banks.

5

Better Service Proposition

Our experienced, multilingual team are available when you need them to help you navigate your home loan journey.

6

Industry Recognition

Established broker and aggregator network and holds industry memberships with the MFAA and FBAA.

Discover a brighter future
with Brighten

Complimentary Assessment

Prefer to chat? Get in touch on 13 14 88