Browse Forums Home Finance Re: Employment issues =( Totally LOST faith!! 6Dec 24, 2010 4:08 pm My company specialises in lending to contractors & people on probation, have a look at the "unusual employment loans" section on our website. Feel free to give us a call between Christmas and NY, I will not be there however one of our mortgage brokers will still be in on Wed, Thurs & Friday. We can likely get you 90% + LMI (91.5% approx). BankWest is quite conservative with employment for loans >80% LVR as they do not have a delegated underwriting authority with their mortgage insurer QBE. The end result is that QBE knocks back a lot of loans that BankWest themselves have no problems with. Re: Employment issues =( Totally LOST faith!! 7Jan 02, 2011 5:41 pm zeena Argh!! We're at the last stages of putting our loan application through with Bankwest. Our LVR is 92%. Ok now for employment. I work as a contractor through an agency and have been for the last 19months, and the same industry. I've got a letter from payroll stating this. My husband has been working since June 2010 (6 months), he is off probationary period, however isn't permanent, he also gets paid by an agency. His previous employment isn't in the same field. His payroll have provided a letter of his employment, also stating permanency is usually granted after 6 months, in this type of job. What are our chances of getting our loan approved, considering we'l have LMI? Hi, This is a sticky situation, as long as your another credit file conditions are excellent- you will be fine. Credit files Condition: 1. Less than 1-2 credit enquires in the last 12 month 2. No credit default 3. been at your current address for more then 2 years 4. Have at least 5% “genuine Savings" Having said that, as pervious poster advise it is dependent on lenders as well, and as JB mentioned bankwest don’t have in-house delegation which makes it harder for them. Regards, Michael Re: Employment issues =( Totally LOST faith!! 10Jan 21, 2011 11:15 pm Government grant is not considered "genuine saving". sorry Michael Chan | Australia wide Mortgage Broker Michael@ShapeHomeLoans.com.au | 1300 74 5626 | Fax: 02 8212 8909 http://www.ShapeHomeLoans.com.au I am looking at building a house. Has anyone used Construkt Homes (based in Adelaide)? Does anyone have experience with this builder? 0 6597 12 5616 Industry type domestic contracts are prepared by industry bodies for the benefit of the builders. This means that if you are the owner watch out. One of the points is… 0 3449 |