Your Mortgage & Refinance Checklist

Use our mortgage application checklist to ensure you have everything you need when applying for a home loan or refinancing. PRO TIP: The better the quality of the documents you keep, the more likely the banks will want to work with you. Tidy bank accounts with upward trending savings, even if they’re only small, is a very positive sign.

PROOF OF INCOME & EXPENSES (Personal Wages/Salary)

Your income gives you the ability to repay your debt and cover your ongoing living expenses. Banks will use this to find out just how much you’re able to borrow safely. The higher your 'left-over' income, the more you can borrow.

You'll need to provide either:

  1. At least two payslips from your employer to prove your income.
  2. A letter from your employer confirming your income. You can download a letter template here.

To prove your expenses you'll need to provide the most recent 6 months of bank statements. Follow the guides below to see where you can find these online.

Statements should be in PDF format.

PROOF OF INCOME (Business/Self-Employed)

Usually, banks require 2 years of financial accounts as proof of your business income for lending on a personal home. Don’t worry too much about what the bottom line is, as your business income works slightly differently to that of your personal income. It’s most likely you’ll want your accountant to get this information ready for us. We’ll have one of our advisers take a look over it and get back to you.

  • 2 year IR3 Summary (If you are a part shareholder as opposed to whole owner)
  • 2 years financial statements:
    • Income Statement
    • Balance Sheet

We just need to double check you are who you say you are!

Provide either:

  • A passport (required if you are in New Zealand on a Visa)
  • A driver’s licence

PRO TIP: If you don’t have a scanned copy of your drivers license or passport, feel free to take a photo of it with your mobile phone and send it through. As long as it’s eligible and on a flat plain surface, this will do.


Banks will recognise income for up to two boarders paying $150 each a week in rent. In order to use this income, you’ll need to provide a boarder agreement from the person who plans to board in your home.

You can download our template boarder agreement here.


If you are receiving a cash gift to help with a deposit on a property, you’ll need to get a few key details in writing. Remember, a gift is not a loan. There’s unlikely to be any obligation for the money to be repaid. Because of this, it’s always wise to have a lawyer check over the details before proceeding.

You can download our gifting template here.


The bank wants to know how much your property is worth so they know how much they can safely lend to you. The larger your security (property) the more they are likely to let you borrow. Because of this, you’ll want your property valuation to be as up to date as possible.

You can use one of the following:

  • Government Valuation (We have access to this info already)
  • Recent Sale & Purchase Agreement
  • Registered Valuation from a reputable, bank registered valuer.

PRO TIP: If your home’s value has increased a lot recently it’s definitely worth getting it revalued. You’ll look a lot more attractive to lenders if you have more valuable security! In some circumstances you might even get preferential treatment.

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