Low Doc Loans
Sometimes, you either don't have the necessary financial information the banks need to assess your application fully, or your situation is complex and it's easier not to provide this. Either way, we understand and have access to a handful of lenders that will still review your application on its merits, often with a favourable outcome.
The minimum information normally required is your BAS returns for at least the last quarter and an income self certification from you or your accountant. Sometimes we'll ask for bank statements to support your income declaration. The main difference with "Low Doc" loans is that you are not required to provide your financials for the last 2-3 years nor personal tax returns. The benefit is clear if you either can't or don't wish to provide these but you will normally pay about an extra 1-3% above the usual bank rate and some extra fees to reflect the extra risk the lender is taking without seeing your full picture.
Furthermore, we also have specialist non-conforming lenders that we can call upon if you're really stuck and need some money urgently. You may be a developer desperately needing funds to complete your development where you've overspent and the bank has said "No". Or, you may have a cash flow crisis that needs plugging fast- either way we can put you in touch with experts who can make a quick assessment of your situation and see how they can help.
You can use the funds in various ways, whether for a purchase, refinance and debt consolidation, or for an acquisition - you're call. And if you get to a position where you can provide the necessary financial information then we can look to refinance your loan onto a "normal" interest rate for you.
The minimum information normally required is your BAS returns for at least the last quarter and an income self certification from you or your accountant. Sometimes we'll ask for bank statements to support your income declaration. The main difference with "Low Doc" loans is that you are not required to provide your financials for the last 2-3 years nor personal tax returns. The benefit is clear if you either can't or don't wish to provide these but you will normally pay about an extra 1-3% above the usual bank rate and some extra fees to reflect the extra risk the lender is taking without seeing your full picture.
Furthermore, we also have specialist non-conforming lenders that we can call upon if you're really stuck and need some money urgently. You may be a developer desperately needing funds to complete your development where you've overspent and the bank has said "No". Or, you may have a cash flow crisis that needs plugging fast- either way we can put you in touch with experts who can make a quick assessment of your situation and see how they can help.
You can use the funds in various ways, whether for a purchase, refinance and debt consolidation, or for an acquisition - you're call. And if you get to a position where you can provide the necessary financial information then we can look to refinance your loan onto a "normal" interest rate for you.
