Although there are many types of loans such as Rural, Commercial, Residential etc, and these in turn can be Interest Only, Principal & Interest, Line of Credit etc, most loans fall into 1 of 4 categories of income proof. We have access to a large number of lenders that enables us to source loans that will give you the structure, flexibility and control that you require.

Some people find it hard to obtain the necessary proof of income to enable them to obtain a Full Doc loan and had difficulty in obtaining Lo Docs loans because they had no ABN. We have lenders who will accept one proof of income, usually the last 2 payslips, a group certificate or an employer's letter being sufficient. Because the lender is accepting less proof of income, they will generally lend no more than 90% of the value of the property. Some lenders may also increase the interest rate, but usually by no more than .1%. This increases the cost of a $200,000 mortgage by little more than $3.80 per week.

Income proof for these loans is self verification by means of a personal income statement. Many lenders say they have Lo Doc Loans, but still require at least one tax return or will require additional security. Our Lenders will accept a self verifying statement of income and will lend between 80 - 95% of the value of most properties, unlike the 65% that many lenders will lend to.

Traditionally, Lo Doc Loans have only been available for self employed people who had not completed their tax returns. However, we have lenders who will lend up to 80% of the value of the property to PAYG's whose only proof of income is a self verifying declaration.

Borrowers who have been Self Employed for 2 years or more can borrow up to 95% of a properties value by making a self verifying declaration. An ABN or confirmation by your accountant is sufficient proof of self employment. Our lenders never ask your accountant for proof of income. Mortgage Insurance (LMI) is paid by some lenders if the amount borrowed is 80% or less of the property's value.

We also have Commercial Lenders who will lend up to 75% of a property's value without proof of income or penalty, so long as the property's rental income services the loan.

This is exactly what it says! No proof of income or self employment is required. A statement of Assets & Liabiliities is not even required with some of our lenders. So long as the security property is acceptable you only need to sign a declaration to the effect that you can afford the repayments and that they will not cause hardship.

While you can only borrow up to a maximum of 70% of the property's value, the good news is that we have access to interest rates less than the banks standard variable rates, and mortgage insurance is usually paid by our lenders.