GUIDE
Home loans for self-employed borrowers.
What lenders look for, and how to prepare.
Being self-employed doesn’t have to be a barrier to buying a home, but lenders do assess your income differently. A little preparation can make a big difference.
What lenders usually ask for
Most lenders ask for your last one or two years of personal and business tax returns, financial statements, and notices of assessment. Some lenders offer options for borrowers with less documentation, although these may come with different requirements and costs.
How your income is assessed
Lenders generally look at your taxable income, and some may add back certain expenses such as depreciation. Every lender’s policy is a little different, which is why comparing options matters.
Tips to prepare
Keep your tax returns up to date, keep business and personal finances separate, and talk to your accountant early about timing. If you’re planning a purchase, it can be worth having a conversation with us well before you apply.
How we help
As business owners ourselves, we understand how self-employed income works. We’ll help you get your paperwork together and find lenders whose policies suit your situation.
This information is general in nature and does not take into account your objectives, financial situation or needs. Government schemes, grants and lender policies change, so please check current details or speak with us before making a decision.