GIFTED DEPOSIT MORTGAGES. A gifted deposit is a sum of money given to you by a third party as a deposit on a property. There are currently five options currently available for gifted deposit mortgages. These are available on residential and Buy-to-Let purchases.
Assessable income is the income we use to work out your payment rate. If you have a partner, we take both of your incomes into account. Examples of assessable income include: deemed income from financial investments, including money in superannuation funds if you have reached age pension age.
Comprehensive income is the sum of net income and other comprehensive income. If the result is negative, your company has a comprehensive loss for the period. Other comprehensive income arises from non-operational gains and losses you have yet to recognize because the underlying transactions are still open. Examples include gains and losses on securities classified as available for sale, foreign currency translation and pension plans.