Re: What are the mortgage options like for a self-employed baker?
Posted: Fri Aug 30, 2019 7:58 pm
Hello Natalie. Welcome to the forums.
Low doc home loans might be the perfect option for you. These home loans are specially designed for self-employed borrowers who are not able to provide traditional income evidence 2 years' tax returns.
Most self-employed borrowers will normally require a valid ABN that has been running for at least 2 years and is registered for GST.
Please note that low doc does not mean you provide less evidence of your income. Low doc lenders will accept other alternative sources from any of the following:
Give us a call on 1300 889 743 or fill in our free assessment form to find out if you qualify for a low doc home loan.
Cheers,
Low doc home loans might be the perfect option for you. These home loans are specially designed for self-employed borrowers who are not able to provide traditional income evidence 2 years' tax returns.
Most self-employed borrowers will normally require a valid ABN that has been running for at least 2 years and is registered for GST.
Please note that low doc does not mean you provide less evidence of your income. Low doc lenders will accept other alternative sources from any of the following:
- 12 months BAS statements that show your business turnover
- An accountant's letter/declaration verifying your income.
- Business bank statements showing a high turnover
- Tax returns of over 24 months
- Interim financial statements.
Give us a call on 1300 889 743 or fill in our free assessment form to find out if you qualify for a low doc home loan.
Cheers,