What happens after home loan approval?

After approval

After we have received, assessed and approved your home loan application, you will receive the following documents:

• Letter of Offer - Contains the details of your home loan and should be read carefully. You should also read the ANZ Consumer Lending Terms & Conditions (PDF 475kB)
• Mortgage document - A document that will be lodged by ANZ to your State or Territory as part of registering your mortgage
• Witness acknowledgement - This needs to be completed by an independent witness to confirm your identity
• Disbursement and settlement form - Allows ANZ to withdraw funds from an ANZ account to meet the full amount due at settlement, or to deposit surplus funds where applicable
• Direct loan payment form - Complete this form if you wish to set up a recurring payment to your linked ANZ loan accounts.

Need help with your home loan documents? Refer to the quick guides and videos in our ANZ Home Loan Document Signing guide.

Signing your home loan documents

After your Home Loan is approved and you receive your documents, it's important to remember to:

  Read - Read through every page, as well as the ANZ Consumer Lending Terms & Conditions (PDF 475kB). You don't want to miss any important information.

  Sign - After you have read all the documents, you'll need to sign them. We've put together an ANZ Home Loan Document Signing guide to walk you through where to sign each document.

  Return - When you have signed your home loan documents, return all documents as instructed by your lender. Make sure you keep the customer copy of the letter of offer and a copy of the other documents for your own records.

What does settlement involve?

After you have signed and returned the above documents, the next step will be the settlement process.

The settlement process

Settlement is the official process of transferring ownership of a property from the seller to the buyer. It takes place between the legal and financial representatives of those parties, and by the end of it, you should be the new owner of that property.

How the settlement process works

1. Your solicitor/conveyancer will prepare a Transfer of Land document for you to sign. This should be done at least two weeks before the settlement date. This Transfer of Land document will then be registered at the State/Territory Land Registry Office on your behalf.
2. Your solicitor/conveyancer will contact us, the seller's solicitor/conveyancer and any other interested parties to organise the date, place and time of settlement.
3. Your solicitor/conveyancer should advise you of the exact date and time of settlement, as well as the amount of funds that you're required to provide before that (if applicable). This amount should be made available in your nominated ANZ account at least three days before settlement.
4. Your solicitor/conveyancer should contact you to confirm that settlement has taken place. They will also send you a Statement of Adjustment to confirm how the funds have been disbursed to the parties involved.

What happens after settlement

Once your solicitor/conveyancer has informed you that settlement has happened:

• Arrange to pick up your keys from the real estate agent
• Your solicitor/conveyancer will send you the settlement details
• We'll send you a loan drawdown confirmation letter with your account and repayment details.