Lenders usually look for the type of trust, credit file, loan structure, and beneficiaries when carrying a full credit assessment to determine if they should approve the trust loan or not. They will also need a certified copy of the trust deed, a certified copy of the company constitution, identification of trustees, directors, and beneficiaries of the trust. Some may also require tax returns and notices of assessment for the trust.
Although a trust loan may look complicated for most borrowers, 3Carrots staff are experienced mortgage brokers who know how trusts work and which banks accept each type of trust. If you would like to talk to a mortgage broker from 3Carrots to know more about trust loans, please call 0434 390 688.