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Non-Resident Construction Loans

Brighten Easy Builder® Non Res – House and Land construction loans with progress payments.

Variable rate from

8.49
%

p.a.*

Interest Only
8.63
%

p.a.#

Comparison Rate

After construction, revert to Brighten Evergreen variable rate.
Complimentary Assessment

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Loan purpose:
Owner occupied or investment property:

House and Land construction loans with progress payments.

Suitable borrowers:
Australian Temporary Residents or Non Residents

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 $1,000,000

Maximum LVR

70% (refer to revert product LVR guide)

Maximum loan term

Up to 29 years and 11 months

Repayment method

Monthly repayments by direct debit.

Acceptable Security

Category 1 and Category 2 Postcodes

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.

Online access

Through the Brighten Home Loans portal

Non-Resident Construction Loan Application Documents Checklist

Employee (PAYG)
I’m a borrower with salaried income

Identification documents

  • Certified copy of Passport; AND
  • Certified copy of ID card

Credit Report

  • Personal Credit Report from the country of residence

Income Documentation

  • Brighten template Employment Income Verification Form (signed by employer); AND
  • 3 months bank statements (within 45 days of assessment); OR
  • 2 consecutive payslips no older than: Monthly payslip ≤45 days old; Fortnightly payslip ≤30 days old; or Weekly payslip ≤30 days old

Other Documentation

  • A full and complete Fixed Price Building Contract dated within 12 months. Copies of all contract variations, quotes, and council plans should also be held. These documents are not required for pre-approvals.
  • Further documentation is required prior to advance of first progress payment. See Brighten Construction Guidelines.

Additional income supporting documents (if applicable)

  • Rental income: lease agreement or recent rental statement or 3 months bank statements with rental crediting dated within 45 days. (Accepting rental income outside Australia)
  • Investment income: 12 months investment fund or share portfolio statements and dividends received. (Accepting investment income outside Australia)
Self-employed
I’m a borrower with self-employed income

Identification documents

  • Certified copy of Passport; AND
  • Certified copy of ID card

Credit Report

  • Personal Credit Report from the country of residence

Income Documentation

  • 6 months personal bank statements and 1 month business bank statements (within 45 days of assessment); AND
  • 2 years business financials; OR
  • Brighten template Self Employed Income Verification Form (signed by practicing accountant)

Other Documentation

  • A full and complete Fixed Price Building Contract dated within 12 months. Copies of all contract variations, quotes, and council plans should also be held. These documents are not required for pre-approvals.
  • Further documentation is required prior to advance of first progress payment. See Brighten Construction Guidelines.

Additional income supporting documents (if applicable)

  • Rental income: lease agreement or recent rental statement or 3 months bank statements with rental crediting dated within 45 days. (Accepting rental income outside Australia)
  • Investment income: 12 months investment fund or share portfolio statements and dividends received. (Accepting investment income outside Australia)

Case Studies

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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 Application Fee and Valuation Fee are 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!

Use our calculators to find out whether your numbers add up

How much can I borrow?

Try the Borrowing Power Calculator and find out how much you may be able to borrow.

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What will my loan repayments be?

Discover an estimate of your loan repayments with our Loan Repayment Calculator.

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How much Stamp Duty will I pay?

Use the Stamp Duty Calculator, and discover the government charges you’ll have to pay on your loan.

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Why Choose Brighten?

1

Superior Product Offering

Comprehensive and competitive Full Doc, Alt Doc and Construction loans, available to Prime, Near Prime, Expat and Non-Resident buyers.

2

Fast turnaround times

48-hour SLA supported by our experienced team and a proprietary cloud-based loan origination platform.

3

Diverse and Resilient Funding

Well-established warehouse-funding arrangements with multiple Top Tier Banks, a public RMBS programme and a wholesale credit fund to provide further funding diversification.

4

Better Service Proposition

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

5

Trusted Partner

Award-winning non-bank lender with an extensive broker and aggregator network across Australia.

6

Environmental, Social, and Governance

Good governance, social responsibility and sustainability are key pillars of our culture.

*Available for new Brighten Easy Builder® – Non Resident loans ≤65%LVR. Fees, charges and Terms and Conditions apply. # The comparison rate is based on a secured loan of $150,000 and a term of 25 years. WARNING : This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.

Discover a brighter future
with Brighten

Complimentary Assessment