Vacant Land Loans

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

OR

• The most recent 1 year Financial Statements, including business/trust and personal Income Tax Returns; AND
• Most recent 6 months BAS to be provided if the financials are more than 6 months old; AND
• Latest available tax assessment

Other Documentation

• Vacant Land Borrower Declaration

Credit History

• Paid defaults up to $500 may be considered

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.

Other Documentation

• Vacant Land Borrower Declaration

Credit History

• Paid defaults up to $500 may be considered

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 2 years ATO Notice of Assessments

OR

• The most recent 1 year Financial Statements, including business/trust and personal Income Tax Returns; AND
• Most recent 6 months BAS to be provided if the financials are more than 6 months old; AND
• Latest available tax assessment

Note：Australia, New Zealand, China, Hong Kong SAR, Singapore, United Kingdom and USA income accepted. (Equivalent foreign documents are required when foreign income is used.)

Other Documentation

• Vacant Land Borrower Declaration

Credit History

• Paid defaults up to $500 may be considered

Identification Documents

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

Credit Report

• Personal Credit Report from the country of residence

Income Documentation – PAYG

• 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

Income Documentation – Self-employed

• 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

• Vacant Land Borrower Declaration

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)