The Scenario

Married couple Ming and Joy live and work in China.

They run a successful manufacturing business and things are going very well. They had seeked some financnial advice and were interested in investing in Australian property.

Their main concern was the difficulty in having their financial paper work prepared as they had their income channeled through multiple trusts and other companies. Ming contacted the CBA during Australian business hours and spoke to a lending officer who requested full translated tax returns, 12 months bank statements of all income accounts and several other documents to verify income.

Although Ming understood that it was necessary to prove income, he gave up due to the amount of paperwork involved.

The Loan Market Outcome:

Ming then decided to send an online enquiry to Loan Market to see if there were other options. He was delighted to get a response via email almost instantly and a phone call during his own business hours.

Lee from Loan Market was able to structure a loan for them to purchase an investment property with only a letter from his accountant to verify his income. Due to the strength in his assets and deposit, no other documentation was
required, saving Ming a pile of paperwork and also speeding up his approval.