17% of Aussies are self-employed, with around 1 million being independent contractors. That’s why proof of ‘standard income’ is often something people don’t have when it comes to applying for a home loan.*
Some self-employed clients have difficulty in meeting the standard documentary requirements of lenders. “Low doc” or “Alternative doc” loans exist with a number of lenders, which rely on other sources of income verification
Managing Director of Peninsula Home Loans Steve Bonfield’s specialist knowledge of this area means that he is able to provide assistance to business owners, whatever their circumstances and has access to a wide range of lenders who are willing to help.