It is often difficult for the self employed person to get a home loan for a variety of reasons. Taxable income declared by self-employed people is often reduced as accountants look for as many tax deductions as they can achieve.
Fortunately a number of lenders have recognised the problems of the self employed applicant and are now willing to assist them. They will look at adding back expenses to give a better picture of your income which will help you qualify for a loan. At Custom Finance we know which lenders are likely to assist to self employed.
Low Doc Loans
Low Doc loans are offered to self employed people who have equity in their homes, but may not be able to provide taxation returns to confirm their income.
Many self employed people have only recently commenced business or they are simply too busy to complete their financial statements. This is where the low doc loan can help.
Some lenders even offer their standard range of loans for this purpose, subject to certain qualifying criteria.
At Custom Finance we know which lenders are likely to assist
to the self employed borrower. Contact
us today to find out how much you can borrow.
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