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SUPPORT DOCUMENTATION - INDIVIDUALS

TYPICAL SUPPORT DOCUMENT CHECKLIST FOR INDIVIDUAL BORROWERS
  1. Borrower’s Solicitor contact details. The security documents will be sent to the borrowers Solicitor for execution and return.
  2. Borrower’s Accountant contact details for loans more than $150,000. The borrower's Accountant will be required to complete an "Accountant’s Certificate". This document will be sent to the borrower’s solicitor with the mortgage documents. Their solicitor can then co ordinate the execution of the certificate with the borrower’s accountant.
  3. First Mortgagee. A letter or verbal confirmation from the first mortgagee is required detailing:
    1. A payout figure for their current loan.
    2. A payout figure for any arrears.
    3. Any other credit facilities including any credit cards.
    4. If there are any other credit facilities or credit cards for any related entities, including facility limits.
  4. Current Rates Notice. A current assessment notice which clearly shows there are no outstanding rates due for the term of the loan OR evidence any outstanding rates have been paid.
  5. 100 point certified ID. Please ensure the borrower(s) take their 100-point ID to their solicitors for certification.
  6. Insurance evidence. A Certificate of Currency is required noting "Mango Credit Pty Ltd" as an interested party. The insurance must cover the minimum replacement value for the proposed security property.
  7. A bank statement for the account into which the loan funds will be deposited
  8. Purpose of The Loan. A statement from the borrower(s) clearly detailing the purpose of the loan and how the borrower(s) will be obtaining a commercial benefit from the loan.
  9. Title Deeds will be required if the security property is unencumbered.

** Please note there may be changes to this list once our due diligence is completed.