Canstar Low doc lender of the year 2017

Rethinking home loans for self-employed people.

It’s widely recognised that self-employed households in Australia are vital to a thriving economy, yet many lenders are hesitant when it comes to home loans for self-employed people.

At Liberty, we offer loans designed for self-employed borrowers. Whether you’re looking for alternative ways to verify your income or greater flexibility around borrowing to expand your business, Liberty has out-of-the-box solutions to keep up with your ideas.

 
Features#
Maximum LVR 95%available
Maximum loan amount*$2,000,000
Minimum loan amount$50,000
Principal & interestavailable
Interest only**available
Redrawavailable
Split loans***available
Additional repaymentsavailable
Repay weekly, fortnightly, monthlyavailable
Owner-occupier & investoravailable
Professional investoravailable
Fixed rate options+available
Rate lock option++available
Loan Variables
Start-up or established businessavailable
Unlimited debt consolidationavailable
Cash for working capitalavailable
Full-doc or Low-docavailable
Fees^
Application fee^^$0
Valuation fee^^^$0
Settlement fee$0
Ongoing fee (annual)$295
Discharge fee$395
Professional investor fee****$995
Fixed rate lock fee++$900
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Did you know?

Our low-doc home loans are ideal for self-employed people as they combine Liberty’s great low interest rate with a range of flexible home loan features. With our low-doc loans, we expand our thinking to consider alternative ways to prove your income.

If you have a new business, an established business or work as a contractor – give us a call for a home loan or an investment loan that fits your circumstances.

Is it harder to get a home loan if I’m self-employed?

Many traditional lenders treat self-employed home loan borrowers differently because they don’t earn regular and consistent pay. Unfortunately for many self-employed workers, this can result in being turned away when applying for a home loan. Thankfully there are more flexible lenders like Liberty that offer a range of loan options for self-employed home loan borrowers including loans that allow for alternative means to verify income – sometimes referred to as low-doc home loans.

What are my options if I need a self-employed home loan?

Liberty has a range of lending solutions for self-employed customers because we offer alternative ways to verify your income. Some lenders call this low-doc lending. As well as business income we can consider the strength of the underlying asset and rental income of an investment property to help get to ‘yes’. Those in the market for a self-employed home loan shouldn’t think the banks are their only option.

What documentation do I need to apply for a home loan if I’m self-employed?

Liberty provides a range of low-doc loans for self-employed home loan customers with varying levels of verification depending on the security attached to the loan. For a self-employed worker applying for a low-doc loan secured by residential property, we can look at alternative documentation such as bank statements, BAS statements, or a completed accountant’s declaration.

#Quoted rates apply to principal and interest loans. Depending on your circumstances, loan features may vary. Other loan variables may also be used to determine the most appropriate rate and fees for your circumstances. *Subject to LVR restrictions. **Interest Only loans are subject to LVR restrictions and interest rates are higher than advertised interest rates but for further information on this product contact us on 13 11 33. ***$495 fee applies for loans with more than 4 splits. ****Application fee and interest rate loadings apply for company/trust or professional investor applicants with ≥3 properties. +Fixed rates available on request. ++Rate Lock option available at $900 (non refundable) to lock the fixed rate for 90 days from date of payment (must be before formal approval). ^Other fees and charges may apply. Contact us on 13 11 33 for more information on fees and charges. ^^A fee of $995 applies to our Sharp product. ^^^Valuation fee not applicable for loans under 90% LVR. Additional valuation expenses may be payable where the anticipated security property value is >$750k, where the security property is in a regional location or for additional securities.

Approved applicants only. Lending criteria applies. Fees and charges are payable. All rights reserved | Liberty Financial Pty Ltd | ABN 55 077 248 983 | Australian Credit Licence 286596 | Liberty Network Services Pty Ltd | ABN 65 151 158 628 | Australian Credit Licence 408042