Aaron WhybrowGeneral Manager, Strategic Mortgage Broker

Electronic Drivers licences #bagpipingmortgagebroker #mortgagebroker #flexiblemortgagebroker

Name: Electronic Drivers licences #bagpipingmortgagebroker #mortgagebroker #flexiblemortgagebroker
Uploaded: 2023-01-29T21:24:09Z
Channel: Aaron Whybrow
Description: Short YouTube clip by Aaron Whybrow (identifies as a "bagpiping mortgage broker") explaining what electronic driver's licences can and cannot be used…

29 Jan 2023

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Short YouTube clip by Aaron Whybrow (identifies as a "bagpiping mortgage broker") explaining what electronic driver's licences can and cannot be used for. He notes e-licences work for ID checks by police, pubs/clubs and many situations, but warns that most lenders require a physical driver's licence (front and back) for home-loan approval and settlement; electronic licences alone are generally insufficient. He advises keeping both electronic and physical licences.

The era of Electronic Driver's license hey, it's Aaron, your bagpiping mortgage broker. Just wanted to let you know electronic driver's license are pretty cool. They allow you to prove your identification when a police officer asks you. You can go into sign into a pub or a club. You can provide it as identification to a whole range of areas. The one thing you can't do with an electronic driver's license is get a home loan. There is some developments in that space, but in the main, most lenders want you to have a physical driver's license and they want the front and the back. If you changed address or done anything like that, we know that an electronic one is updated. But down the track you got your physical one and the physical one with the front and the back is what the lender needs. And when we don't have this, we might be able to get approved and a whole range of other things. But when we get to settlement, this electronic driver's license is needed. So make sure you have both going forward.