Our best lenders can accept your home loan application if you can meet the following requirements:
Minimum length of employment: 3 month history of receiving overtime income.
Maximum amount of overtime accepted: 100% up to a maximum of 70 hours per week in total hours worked.
Consistency: We have lenders that accept either a group certificate, YTD income figure or 3 months payslips as evidence of your overtime. This way we can present your loan to a lender that can work with the evidence you can provide.
Industry: All industries are accepted including mining, fork-lift drivers, trades, construction, nurses, IT, finance industry employees and hospitality.
Borrowing power: You can borrow up to 90% of the property value and possibly 95% if you're a very strong applicant.