Low Doc Home Loans

With no need for documentation to prove income, low doc home loans are designed for borrowers who would not normally comply with the usual income verification policies for standard home loan products.

For example, people with irregular income streams such as the self-employed, those who have difficulty in separating their personal and business cash flows, or who do not yet have up-to-date financial statements.

Borrowers must complete a self-assessment of their financial position in the form of a declaration and they should be sure that they have the ability to repay the loan without undue hardship. Lenders require a substantial amount of equity in the property being offered as security and a clean credit history.