Not everyone is a traditional PAYG or salary-based employee. If you do not have the typical income verification documents, TechLend’s Low Doc Bridging Loans can help you purchase your dream property.
Low doc bridging loans are a type of mortgage that can be taken out using less documentation than what is required of a full documentation loan. These loans are often intended for self-employed borrowers who do not have the standard documentation for income verification. This can be due to the general operation of small businesses, or being in business for less than two years. Even if you produce enough profits to secure a mortgage, you may lack the traditional documentation needed. Whatever the reason may be, if you are unable to prove your income in a conventional way, a TechLend Low Doc Bridging Loan is for you.
TechLend’s Low Doc Bridging Loans are available for up to 75% LVR based on the value of your property, with the additional flexibility and freedom of a low documentation application process. Our Low Doc Loans are designed to simplify bridging loans for borrowers who have assets and income but are unable to provide mandatory verification documents or tax returns for traditional lenders. Our fast, fair and simple process accommodates a variety of property purposes including purchasing, refinancing, and renovating, all you need to do is provide us with:
- Details of the property (this will inform price and loan amount)
- Details on your exit strategy (how will you repay the loan)
- Identification documents
Talk to one of our lending specialists today about our Low Doc Bridging Loan opportunities and how we can provide you with the best option for your unique scenario.