Not GST registered
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aussieJoe12
- Posts: 1
- Joined: Mon Nov 18, 2019 10:22 am
Not GST registered
Hi, just wondering if there are lenders who lend for house mortgage (live in, not investment) where income is derived from business that's not registered for GST? Basically I only have bank statements showing income.
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Otto Dargan
- Mortgage Specialist
- Posts: 7729
- Joined: Sat Sep 06, 2008 5:55 pm
- Location: Sydney, Australia
- Contact:
Re: Not GST registered
Hi Aussiejoe12,
You may qualify for low doc loans with alternate income verification.
Not being registered for GST may not be a problem, however, along with the bank statements you’ll need either:
With a low doc loan, you can:
Our mortgage brokers specialise in helping self-employed Australians purchase a home.
Please give us a call on 1300 889 743 or fill in our online assessment form to find out if you qualify.
You may qualify for low doc loans with alternate income verification.
Not being registered for GST may not be a problem, however, along with the bank statements you’ll need either:
- Company financials or Business Activity Statements (BAS); or
- A letter/declaration from an accountant to ; or
- Old tax returns (over 24 months);
- 12 months Bank Statements for your main business account to verify the income
With a low doc loan, you can:
- Borrow up to 90% of the property value with one of our lenders (higher interest rates apply).
- Borrow up to 80% of the property value with competitive interest rates (a risk fee may apply).
- Borrow up to 60% of the property value with standard home loans rates.
Our mortgage brokers specialise in helping self-employed Australians purchase a home.
Please give us a call on 1300 889 743 or fill in our online assessment form to find out if you qualify.
