We’ll find a specialised loan solution
When you’re self employed, it can be frustrating trying to find a lender who truly understands your financial situation.
With access to more than 30 lenders ranging from boutique providers to the Big Four banks, Property Planning Australia can assess your financial and personal circumstances and find the loan that’s right for you.
What’s more, we’ll structure your finances to optimise your tax position and maximise that all-important cashflow.
Low doc loans
In today’s competitive environment, more and more lenders are developing ‘low doc’ loans specially designed for self-employed people who have incomplete financial records.
A low doc loan enables you to borrow without providing proof of your income. Instead, the lender will usually ask you to ‘self certify’ your income.
Lenders usually regard low doc borrowers as a greater risk than other borrowers, so low doc loans generally have higher fees, and higher interest rates than mainstream loans. The good news is that, as the lending market has continued to evolve and become more competitive, low doc loans are available at interest rates as low as mainstream loans, provided borrowers meet the lender’s criteria.
- haven’t completed your recent tax returns
- have been through a difficult trading period; and/or
- have a complex business structure that lenders haven’t been able to understand
…you may qualify for a low doc loan. Better yet, because Property Planning Australia takes the time to understand your complex financial situation, we may even be able to arrange approval for a mainstream loan.
Contact us about finding a low doc loan. A finance advisor will contact you shortly.