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Interesting Mick. Mine is rented through an agent. Rental statements were all provided. Maybe it was scrutinised more due to the combined size of the loan ($1.96m) :confused:

I guess the backup plan for me was the fact I didn't actually need it right away. It was a equity release with the view of being ready to pounce at a moments notice. On another note, is the way Suncorp are looking at granny flats related to the tightening the credit policy for resi lends...

The loan was based on 80% LMI. Interesting part is that the original loan my wife had, we borrowed 80%, then got a construction loan for the granny flat - that was 2 years ago and they happily accepted the projected rental income back then. Now that its all completed and fully rented out for...

I got a call from the broker today to explain why my loan with Suncorp was declined (first time I've ever been declined). Brief details: Existing loan with Suncorp under my wifes name -> Top up / equity release Existing loan with another bank under my name -> Refinance to suncorp with equity...