Help Guide to Bond Loans and grants that are rental
Once you've applied
You can check the status of your online application using your online application reference number (which starts with BLW) and your date of birth if you’ve submitted an online application for a Bond Loan or Rental Grant.
After Bond Loan items are authorized
Bond Loan
If for example the Bond Loan is authorized, we shall give you:
- an approval letter
- a duplicate of one's relationship Loan agreement
- a duplicate of one's bond lodgement kind.
Frequently we deliver the relationship lodgement form (Form 2C) right to your landlord/agent to signal and lodge the shape because of the RTA as quickly as possible.
Having to pay the relationship
Whenever you transfer to your property, your landlord/agent must lodge a relationship lodgement type (Form 2C for basic tenancies) using the Residential Tenancies Authority (RTA) to ensure your tenancy has begun.
Following the RTA processes the shape, we transfer funds for the relationship loan into the RTA through the term of one's tenancy
Pre-approved Bond Loan
In the event your Bond that is pre-authorized Loan authorized, we shall give you:
- an approval page
- a house details type.
If you discover a house with a regular lease no greater than the most weekly lease quantity in your pre-approval page, you can easily show the approval page to your prospective landlord/agent to prove you've got the funds for the relationship.
When you’ve been authorized to lease home, pose a question to your landlord/agent to accomplish the house details form mounted on your approval letter and get back the proper execution to us.
We assess your application and contact you with all the result.
When we determine that you’re entitled to a Bond Loan, we give you the mortgage papers to signal and go back to us. Directly after we get this, we approve your relationship Loan.
We deliver you an approval letter and bond lodgement kind, which your landlord/agent has to lodge aided by the RTA.
Bond Loan Plus
In case your Bond Loan Plus application is authorized, your landlord/agent must lodge a relationship lodgement type utilizing the RTA.
Whenever this form is does titlemax report to the credit bureau received by the RTA, we:
- deliver the leasing bond quantity towards the RTA
- spend the 2 days lease into the landlord/agent’s banking account.
After a rental grant is approved
In the event your Grant that is rental is, we give you:
- an approval page
- a confirmation of tenancy type, that you have to share with your landlord/agent.
When they return the verification of tenancy kind to us, we spend the leasing grant right to your landlord/agent by EFT/bank transfer.
Often we result in the repayment by cheque. In this instance, we find out the cheque to your landlord/agent and send it directly in their mind.