If you are self-employed, it can be harder to get a mortgage than if you are employed on a PAYG basis

The banks want tax returns, notices of assessment and then letters from your accountant, making applying for a loan incredibly difficult. Luckily not every bank has the same requirements for the self employed!

Read on to get your loan approved.

1) How long do I have to be self-employed for?

2) What if I’ve been self-employed for less than a year?

3) What mistakes do banks make with self-employed loans?

4) How do lenders calculate my income?

5) What and how do lenders think?

6) How will lenders look at my tax returns?

7) Your most recent tax returns needed

8) Are ‘older’ tax returns excepted?

9) How many years tax returns are needed?

10) Did you know some lenders will add back extra super contributions and even depreciation? This can increase your assessable income dramatically.

11) What are typical ‘add backs'?

12) Low doc options

13) Buying a residential property in a company name?