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I've highlighted the documents that aren't required by other lenders. I've found a transactional statement works when it's a simple deal and only a couple of liabilities are involved. When there's lots of other liabilities matching it up gets tricky it's far easier to just get a statement...

That's pretty much what I just said and it's still way over the top compared to other lenders.

Brady the CBA requires the most recent statement for every existing liability not with the CBA. This includes home loans, personal loans and credit cards. The CBA also wants to see OFI transaction accounts and evidence of how much rent the borrower pays (if it's ongoing after the loan...

If the LVR with the equity release considered is 80% or lower, then both lenders would allow this scenario. You'd get into trouble with both lenders above 80% LVR and would have to provide a contract to prove the use of the funds. In my opinion NAB is the easier and usually cheaper lender of...