All Topics / Finance / Is annuity Income recognised in lenders serviceability calculators?

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  • Profile photo of MauriceSMauriceS
    Member
    @maurices
    Join Date: 2010
    Post Count: 40
    July 2, 2011 - 4:32 am

    Hi All,

    Just a question for the mortgage brokers out there.

    Are there any lenders that will use annuity income in their serviceablity calculators or dividend/distribution income from listed shares?

    If so,  what sort of evidence do they require? And how long would the annuity or shares need to be held for? 

    Profile photo of Richard TaylorRichard Taylor
    Participant
    @qlds007
    Join Date: 2003
    Post Count: 12,024
    July 2, 2011 - 5:26 am

    Hi Maurice

    Yes i can think of a couple of lenders that will take both into consideration in varying amounts.

    Essence is the consistancy of the income so normally last 2 Year Tax Returns will be sufficient. 

    Cheers

    Yours in Finance

    Richard Taylor | Australia's leading private lender

    Profile photo of MauriceSMauriceS
    Member
    @maurices
    Join Date: 2010
    Post Count: 40
    July 2, 2011 - 10:10 pm

    Hi Richard,

    Thanks for your reply.

    Are you able to name the lenders and their products?

Viewing 3 posts - 1 through 3 (of 3 total)

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