When you are self employed generally a bank/lender will require you to be self employed for 1 to 2 years before they will lend to you. You will be required to provide financial accounts and generally management accounts or gst returns to show how the business is going year to date. If you have previous trading figures available these can be used also.

At times it is difficult to assess the overall income however with our expertise we can assist in preparation of an application as we know what the bank/lender in looking for.

For people who have at least 30% equity in a property a low doc application can be made. This is where financial accounts are not required and you state what your likely income is. This is known as a low doc loan and is quite popular among self employed applicants where income is hard to substantiate.

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