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Glenn

1 year ago

Hi Akiyo, I hope you're well? As other brokers above have said, there are options for you in your current situation and congratulations on the new baby. The best thing to do is get in touch with a broker who you feel can help and have them assist with gathering the relevant information to ascertain your full situation and goals by providing all the relevant information to submit an application with a lender who can provide a loan in your current situation? I have a few lenders that I've used in the past for clients in a similar situation as yourselves. If you need help all you have to do is click on my profile and I am here to assist if you require my help? Kindest Regards. Glenn Rowan

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Ken

1 year ago

Hi, Akiyo, there are a number of lenders who will give favourable consideration to applicants on maternity leave depending on the level of your income paid during your maternity leave, and your salary on completion of it, Importantly, it is necessary to determine that any loan provided does not cause any financial hardship. Regards, Ken

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Graeme

1 year ago

Hi Akiyo, There are lenders who will accept you as a borrower. The only real concern is proving you are returning to work and you have the practical concern that you are comfortable that you can without significant hardship are able to make the payments while you are still are on leave. i personally am in the processing and on boarding the ability to provide a 95% loan which comes with capitalised Lenders mortgage insurance. I am not in Melbourne but today this is no concern. If you believe i can assist check my profile and make contact. Blessings Graeme C

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Daniel

1 year ago

Hi Akiyo. If it's just your maternity leave there are ways around it. I take it you are still being paid. Please also tell us what your husband does and his employment. Regards

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LEZLI

1 year ago

Hi Akiyo, There shouldn't be a problem. I have done a couple of loans for ladies who are on maternity leave - without any hassles. Can also do 95% loan at a good rate. Please feel free to contact me via my Profile page and I will help you. Look forward to hearing from you. Thank you. Lezli

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James

1 year ago

Hi Akiyo Unless there is no gap in receiving the maternity incomes, your income can be considered. Cheers James

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LEE

1 year ago

Hi Akiyo. Congrats on the baby! As for your Q, we have lenders that will lend based on return to work income, but as Viktor has said, it depends on whether you have $ to support you during the maternity leave period until you return to work on full income. That being said, the honest answer is you might need slightly more deposit but it really depends on what you want to buy and a few other Qs. Would be happy to run through it with you, at no obligation , as I run an award winning brokerage in Melbourne who specialise in first home buyers. Check out my reviews and get in touch if you're keen to sort out a plan of attack :) Good luck

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Viktor

1 year ago

It depends on the type of work you do (maternity leave) how long - and what other income is available during and post maternity leave. I have experience with maternity and paternity leave with different lenders.

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