pre-settlement employment checks

hi all,

just wondering do lenders do pre employment checks before settlement? or is this all checked after unconditional approval. current lvr is 70%

thanks

 

Lenders can do checks whenever they want before settlement.

But the likelihood of themcdoing it is highly unlikely, especially majors.

 

There's been a few posts on this recently.
In general, no, but is there a risk they might? Yes.
They do these checks before unconditional approval, not after.

Have you left or lost your job?
Do you have another job lined up already?

 

Till the loan is not settled I think as an applicant morally you are obligated to let the lender know if your circumstances change whilst settlement doesn’t occur. This is an acedgement that yiu agree to when singing off the loan docs.

It’s a different thing if you don’t and decide otherwise.