Case study

Alternative verification

Pedro came to Liberty in September 2007. He had moved to Australia from Spain over 10 years ago and used his building experience and European contacts to set up a building supplies company trading under the name Construction Supplies. He had been leasing various premises for storage and wholesale outlets but fast became frustrated with increasing rents and lease restrictions. Pedro located a warehouse for sale in the local paper that seemed ideal for his purposes. Once he had discussed his intention with his accountant and worked out that he was able to afford the repayments he applied for a loan with his local bank, a mainstream lender. Unfortunately, the loan was declined due to not having full financials available for the last two years. Pedro knew he had strong sales over this period and didn’t want to miss out on the property. Through advice of a friend he sought help from a mortgage broker who introduced him to Liberty.

We were happy to accept his BAS statements as proof of his income and by using this alternative method we assisted Pedro with a 69% lend which enabled him to complete the purchase of the warehouse and enjoy the benefits of trading from his own building.

“The service I received with Liberty was excellent; I no longer pay off someone else’s mortgage each month.”

*This case study is based on the experience of multiple customers. Details have been changed to protect their privacy.