Low Document Loans
Low doc loans or Low documentation loans for self employed people, means just that. If you don’t have your tax returns ready or you don’t have the full financial history required to satisfy the lender then you may not qualify for a standard loan.
We have a panel of lenders that offer this kind of loan with various degrees of requirements and in some instances a declaration from you and your accountant may satisfy the lender. These types of loans are harder to qualify for, generally requiring the client to show 12 months BAS statements and an ABN that has been active for 6-12 months, but in saying that I have helped many of my clients when all seemed lost.