Mortgages for the self-employed.
Self-Employed Mortgages
Self-employed? Struggling to get approved for a mortgage?
Sometimes being self-employed means that your income may fluctuate more than people on a salary. Unfortunately, a lot of the Banks find this difficult to deal with, and as a result they sometimes make it very difficult for newly self-employed people to get a mortgage.
The good news is that in recent years quite a few very credible lending institutions have entered the market with a better understanding of the challenges of being self-employed which means more options for you:
- Up to 85% LVR lending
- No financials required
- Minimum 3 months business trading
- Fast approval turnarounds
If your bank is making life difficult, Rethink has the solution to get your mortgage approved.
Mortgage calculator
Use this calculator as a guide to find out what your home loan repayments could be.
Being self-employed means that your accountant will try to present your financial accounts in a way that reduces the amount of tax you have to pay.
Unfortunately, this is usually the opposite of what you need to show to get a mortgage from a bank.
We’re experienced in reading financial accounts and have skills in extracting a number of items within them that can be added-back into the income side. On top of this we understand that some banks are happier to take self-employed income than others and will also allow just one-year of trading results instead of two or more.
Getting started is easier than you think.
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Mortgage calculator
Our online mortgage calculator is a convenient way to help you budget and assess your options.