Fast Track
We determine Fast Track eligibility using a number of factors including loan amount, employment type, loan purpose, income source and application type.
Applications will only be considered for Fast Track when the LTV is 75% or less.
Applications where we define one or more of the applicants as self employed will not be Fast Tracked regardless of whether we are relying on their income. A self employed applicant may be:
- a sole trader
- a partner in a business
- a director that owns more than 20% of the company*
Applicants must be advised of our standard income and past payment history proof requirements in all cases but where a case qualifies for Fast Track, the following proofs are not required:
- evidence of income;
or - evidence of past payment history
Fast Track is only available to applicants who are able to prove their income, if asked to do so.
Please note we reserve the right to request income proofs where a case has been deemed Fast Track eligible. This includes our standard practice of checking a proportion of applications to verify income.
* where a director of a business owns 20% or less of the company they are regarded as employed and may be considered for Fast Track.
