Your income may come through invoices, contracts or company profits rather than a regular payslip. We help you put the whole picture together, so your home loan conversation starts with how your business really works.
Sole traders, company directors, partnerships and people receiving trust distributions can need different supporting documents. Business turnover is not the same as income available for a personal home loan.
Seasonal income, changes in profit and funds retained in the business can need explanation. Certain expenses may be considered as income adjustments, sometimes called add-backs, but only with evidence and lender assessment.
Existing business loans, equipment finance and guarantees can interact with your home loan. Allow for tax commitments, working capital and quieter months as well as household repayments. We can work alongside your accountant to clarify the information.
Not always. Some lenders have assessment options using one year, while others require a longer history. The relevant conditions, business history and documents still need to be checked.
Lenders may average income or use a lower figure when earnings have fallen. Current records and an explanation of material changes help us work through the available options.
No. You may be eligible for a standard home loan. Alternative documentation is another assessment pathway where available and suitable; it does not remove income verification or credit assessment.
Further reading
General information. Product availability, lending criteria, fees and terms vary. All finance is subject to assessment and approval.Discuss my self-employed home loanBring the question on your mind; we can work through what matters for your circumstances.Phone, video or office appointment. You can start with questions.
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