Self-Employed Home Loans

A self-employed home loan is not a separate type of mortgage, but self-employed borrowers can be assessed differently because income may be structured through a business, company, trust or partnership rather than a standard salary.

The amount you may be able to borrow can depend on factors including business income, profitability, existing liabilities, deposit size, credit history, the length of time you have been self-employed and individual lender policies. Different lenders may also assess tax returns, financial statements and other income documents differently.

Because self-employed income can vary from year to year, choosing a lender whose assessment criteria suit your circumstances can be important. Having the right financial documents prepared can also help make the application process smoother.

LNO Mortgages can review your income structure, business financials and borrowing position, compare suitable lender policies and help you understand the documentation and lending requirements involved in applying for a self-employed home loan.