Guide to Bond Loans and Leasing Grants

Guide to Bond Loans and Leasing Grants

Once you have used

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 the Bond Loan is authorized, we will send you:

  • an approval page
  • a duplicate of one’s relationship Loan agreement
  • a duplicate of the relationship lodgement type.

Frequently we deliver the relationship lodgement kind (Form 2C) right to your landlord/agent to signal and lodge the proper execution because of the RTA at the earliest opportunity.

Having to pay the relationship

Once you transfer to your house, 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 proper execution, we transfer funds for the relationship loan into the RTA throughout the term of one’s tenancy

Pre-approved Bond Loan

In the event your Bond that is pre-authorized Loan authorized, we’re going to give you:

  • an approval page
  • a property details type.

You can show the approval letter to your potential landlord/agent to prove you have the funds for your bond if you find a property with a weekly rent no higher than the maximum weekly rent amount on your pre-approval letter.

When you’ve been approved to lease a house, pose a question to your landlord/agent to accomplish the home details form attached to your approval page and get back the shape to us.

We assess your contact and application you aided by the result.

We send you the loan documents to sign and return to us if we determine that you’re eligible for a Bond Loan. Directly after we get this, we approve your relationship Loan.

We give you an approval bond and letter lodgement kind, which your landlord/agent has to lodge utilizing the RTA.

Bond Loan Plus

In case the Bond Loan Plus application is approved, your money tree fruitland idaho landlord/agent must lodge a bond lodgement type utilizing the RTA.

When the RTA gets this type, we:

  • send the bond that is rental towards the RTA
  • pay the 2 days lease into the landlord/agent’s banking account.

Following a rental grant is authorized

In case your Grant that is rental is, we deliver you:

  • an approval page
  • a verification of tenancy kind, that you simply need certainly to give your landlord/agent.

Us, we pay the rental grant directly to your landlord/agent by EFT/bank transfer after they return the confirmation of tenancy form to.

Sometimes we result in the repayment by cheque. In this situation, we write out the cheque to your landlord/agent and deliver it straight in their mind.

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