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Not GST registered

Posted: Mon Nov 18, 2019 11:17 am
by aussieJoe12
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.

Re: Not GST registered

Posted: Tue Nov 19, 2019 8:12 pm
by Otto Dargan
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:
  • 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.