4 little-known facts about buying a home with self-employed income

Self-employed borrowers come up against the challenge of not being able to simply present payslips and tax returns to back up their loan applications. But this need not stop you buying your dream home.

Many lenders offer loans for self-employed borrowers who can’t hand over payslips and employment records. This means that you prove your ability to make your repayments for a loan by using bank statements, declarations from your accountant and financial records.

The great thing is that there are a number of lenders we work with currently that DO NOT need the standard requirements of:

- 2 years business registration

- 2 years GST registration

- 2 years of full financials

Here are 4 types of self-employed clients that fit outside the box and we're helping right now: 

1/ 15 months business operation plus 1 year full financials (GST registered)

2/ ABN registered for 24 months + GST registered for 12 months + 6 months business bank statements + an accountant letter (great rate!)

3/ ABN registered for 24 months + GST registered for 12 months + 6 months business bank statements OR an accountant letter (higher repayments)

4/ ABN registered for 12 months + GST registered for 6 months + 6 months BAS OR an accountant letter 

Give us a call for a quick chat to go over your options

Andrew Mudie - 0414 955 718