Absolutely, almost 1/3 of my business is under this banner, now referred to as Alternate Document (Alt Doc) loans. You can lend up to 90% of a purchase and 85% on a refinance transaction. You are still required to verify your income and this can be done via at least 1 of the following - 1) 2 if not 4 x BAS statements 2) 3 if not 6 months business bank statements 3) An accountant decleration completed on a lender supplied form / checklist You need at least 1 of the above, however, some lenders insist on 2 and as a helpful hint, if you can provide more than 1, it will often given you a cheaper rate than just supplying the one. Please let me know if I can assist you further Scott
Hi Michelle, There is such a thing as low-doc loans. There is still some documents required to satisfy the lenders of your financial capacity. If you can expand on your situation you will get some ideas from a number of brokers here.
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Brendan
Michelle, yes there are "low doc" or alternative document loans available to self employed people. You will need to have an ABN. Depending on the lender there may be a restriction on the maximum Loan to Valuation ratio (e.g. 60% or 80%) or the interest rate may be higher. You will find a number of brokers on here who can help. Check out a few profiles and connect with a broker who fits your requirements.