Other workers

Adult Industry / Sex Workers Home Loans

Many people who have an unusual job such as exotic dancers, prostitutes, massage parlour employees or escorts can have great difficulties in obtaining a home loan through a traditional lender. Primarily this is because many lenders and mortgage brokers behave in an unprofessional manner or have moral objections to the adult industry.

The other major problem is that many people working in the industry have difficulty proving their full income, or can vary their hours to increase their pay. Many employers in red light districts and gentlemens clubs do not provide payslips to their employees or will only hire staff on a contract basis. This means that many traditional lenders cannot approve your mortgage.

How much can you borrow?

The amount you borrow depends on how you are employed and how you earn your income.

• PAYG employees: If you have a standard income that can be readily proven with payslips & group certificates then you can borrow up to 90% of the property value and in very strong cases 95%.
• PAYG employees with limited income evidence: If you can only provide a letter from your employer as proof of your income then you can borrow up to 80% of the property value.
• Self employed: If your income can be proven with tax returns then you can borrow up to 90% or in rare cases even 95% of the property value. If you cannot prove your income but do hold an ABN then you may be able to borrow up to 85% of the property value.
• No income evidence: Some private lenders may allow you to borrow up to 75% or 80% of the property value with no income evidence whatsoever. Note that the interest rate may be higher for this option.

Please enquire online or contact us and one of our brokers can discuss your situation in detail.

How long do I need to be in my job?

Generally most lenders require you to be in your job for a minimum of 3 months OR to have been in the same line of work (adult industry related) for at least 18 months. You may still be able to get a loan if you don’t meet these guidelines if you have documents available to prove your income.

How to get the cheapest loan

As a general rule the more documents you can provide to prove your income and the larger your deposit then the cheaper the loan you can obtain. If you have a large enough deposit to borrow 80% of the property value or less then as a general rule your loan will have an excellent interest rate.

Apply for a home loan

We are mortgage brokers that specialise in working with people from your industry and so will handle your situation professionally. Please feel free to contact us or enquire online and one of our brokers can quickly let you know what types of mortgage products you qualify for.