Self-employed home loans in Sydney's Eastern Suburbs. Self-employed home loans are not a separate category of lending. If your business is established and profitable, you should be assessed on the same terms, at the same rates, across the same 30+ lenders as any PAYG borrower.

For a standard full doc loan at standard rates, most lenders want two years of tax returns and notices of assessment. Some will accept one year where the business has a longer trading history behind it, or where you were previously employed in the same field. Below that, you move into alt doc and low doc territory, which carries a rate premium. Two years of returns is the threshold worth aiming for, but it is not an absolute barrier if you do not have them yet.

No. If you qualify on a full doc basis, you access exactly the same rates and products as a PAYG borrower. There is no self-employed loading. A premium only applies if your income cannot be verified through standard financials and you need an alt doc or low doc product instead. Being self-employed does not put you there by itself, and I would test the full doc path first in every case.

An add-back is a non-cash or one-off expense that reduced your taxable profit but did not actually reduce the money available to service a loan. Depreciation is the most common. Others include additional voluntary superannuation, interest on debts being refinanced, one-off business expenses, and in some cases a portion of directors' remuneration. Lenders vary in which ones they accept, so the same set of financials can produce quite different borrowing capacities at different banks. Identifying and evidencing add-backs is a large part of the value in using a broker for a self-employed application.

Often yes. Some lenders will assess on the prior year if you are within the ATO's lodgement window. If the missing year is the one that shows the income growth, an alt doc option verified on BAS or business bank statements may produce a better result than waiting. There is a real trade-off between lodging first and borrowing now, and it depends on your timing and the size of the difference. That is a conversation worth having before you decide either way.

It adds documents, not obstacles. Lenders will generally want financial statements for each entity, the trust deed, and confirmation of your beneficial interest. The important difference is policy. Some lenders will look through the structure and count your share of retained profits as income, and some will only count what was actually distributed to you. Where a lender sits on that question can change your borrowing capacity substantially, which is why the structure should drive the lender choice rather than the other way around.

The same as anyone else on a full doc basis. 20% avoids Lenders Mortgage Insurance, and you can borrow with less and pay LMI, or potentially avoid it altogether if you work in a profession that attracts an LMI waiver. Alt doc and low doc loans generally require a larger deposit, commonly 15% to 20% as a minimum, because the lender is carrying more assessment risk.