Many people believe that being self-employed makes securing a home or investment loan challenging, but with the right mortgage broker, it’s far from impossible.
As more people turn to self-employment, whether as business owners or sole traders, lenders have adapted to meet this growing demand. The key, however, is knowing that not all lenders have the same criteria or lending approach.
The main difference between self-employed and PAYG (pay-as-you-go) borrowers is that lenders need to assess not only your current income but also your future earning potential to ensure you can meet loan repayments.
At Align Mortgage, our brokers are experts in understanding what each lender is looking for. We’ll guide you through the entire process, helping you gather the necessary documentation and preparing a thorough application to minimise delays or rework.
There are financing options for self-employed borrowers, whether you have one to two years of tax returns, rely on director’s wages only, haven’t finalised your tax returns yet, or have been self-employed for less than a year.
Take the first step toward finding the right home loan solution for your self-employed situation. Our expert team is here to help you navigate the process and secure the best loan options available.
