Self Employed

Are you self employed and looking to purchase a new property, refinance or release equity for investment or personal use ? Are you concerned about making a loan application as you have not yet completed your financials for the last year or couple of years ? There is a solution.

There are now a diverse range of low documentation loans available. This particular type of loan makes it easier to apply WITHOUT having to provide your tax returns or assessment notices . In lieu of your tax returns, the lender requests either a self certified declaration or a letter from the accountant to confirm your income.

Some investment loan products referred to as “No Doc or Fast Doc loans” do not even require an income amount to be declared or a statement of assets or liabilities.

These Low doc Loans makes the approval process a whole lot faster and easier to get approved. And depending on what percentage of the property value you are looking to borrow, you may qualify for the normal standard variable interest rates. However if you are looking to borrow more than 65%, the rates are typically 0.25 – 1% higher than the standard rates . However after 2 years of good conduct of your loan, you may qualify for discounts which bring the rate down. Low doc loans are available up to 90% of the value of residential property including vacant land. Rates vary from lender to lender. We can show you a range of these from the major banks and non-bank lenders.