Client Profile
Erica, a primary school teacher with 5 years of experience, works at a Sydney public school, earning $105,000 annually. Her income included base pay, leadership allowances, and regular after-school tutoring.
The Challenge
Her bank told her she could only borrow $540,000, which wasn’t enough to purchase in her preferred area. The bank had excluded all her allowances and tutoring income, even though these were consistent and a regular part of her earnings.
Our Strategy
- Used a 6-month income history to demonstrate consistent leadership allowances and after-school tutoring income
- Compiled a strong application with employment letters, payslips, and bank statements to prove income stability and reliability
The Result
- Increased her borrowing capacity to $645,000 by ensuring 100% of her income was fully considered
- Secured a pre-approval within 5 business daysÂ
- Accessed a competitive interest rate, offset account, and a lender cashback offer
Conclusion
She was able to purchase the home she wanted confidently. Our expertise in supporting teachers and understanding education income structures made all the difference. When it comes to helping educators buy property, we know how to get it done.
