As anyone who has recently refinanced or secured a new loan will know, bank security and proof of identity requirements are tightening.
It is now not uncommon for banks to require two forms of photographic identification in order to process paperwork and loan documentation.
This is something worth being aware of. Especially for those with tight timeframes for refinancing arrangements (i.e. heading back overseas or an upcoming settlement date). It is also a challenge for many in the older age bracket whom no longer have current driver's licences.
Should you require additional info on the likely requirements and how to streamline the process as much as possible, please get in touch with our team.
Posted: Wed 19 Jun 2013