Here’s what’s changed:
· Foreign income from overtime, allowances, commission, incentives, and bonuses will be accepted in servicing.
· Bankwest will use the AUD tax rate for all applications except for SNG, HKD, and AED. For these three, Bankwest will use the top tax bracket (un-tiered).
· Foreign investor lending will increase from LVR 60% up to 80% for ‘preferred currencies’.
· A new Foreign Income tab has been introduced into the Serviceability Calculator.
Download full policy details and the Serviceability Income Calculator in the Bankwest Broker Portal.
If you have any questions, refer to your BDM.
