Are you self-employed and looking for a home loan?
Many self-employed home buyers experience resistance from banks due to the complex nature of their income and / or tax management strategy. Naturally, your accountant will aim to minimise the amount of tax you pay on each tax return, however this might also result in a lower level of net income available to prove serviceability on your loan.
Depending on the structure of your business and the reported income over the past one to two years, some banks will look more favourably at your position than others. Finding the right bank is especially important for applicants who are self-employed / sole traders. This is where we come in. At Loanright we specialise in assisting self-employed / sole trader applicants. We have an in-depth understanding of basic and complex business structures, as well as the various lending policies that could potentially result in a decline with one bank, or an approval with another.
If you are self-employed and seeking to purchase a property or refinance an existing loan, then get in touch with one of our self-employed lending specialists today. We would love to hear about your business and get to work on finding and securing you the best financial outcome.
From Our Clients
Luke was fantastic. He handled my complicated loan structure like and absolute pro, always answered his phone when I called, and in general made the process very smooth for a first time home buyer.
Luke had great attention to detail and was excellent in explaining our choices so that we could easily assess our finance options. Luke’s communication was clear and precise and he kept us informed throughout the whole process. We will absolutely be recommending Luke’s services to family & friends.
Hi Luke, Thank you so much for your patience and expertise. Without your help we weren’t likely to have gained approval to allow us to achieve our property goals. We’ll be sure to recommend you to all of our friends and family.