LOW DOC VACANT LAND TO 80% LVR

View product matrix below then click on apply if you wish to qualify for this loan and receive a detailed assessment and full cost proposal.

latrobe
Low Doc Loans for Purchasing or Refinancing Vacant Land
If you are self employed and you do not have up to date company or personal tax returns then a low doc  loan may be the right solution for your lending needs if you are purchasing a residential property.

  • Low Doc Residential loans available to Self Employed Borrowers
  • Borrow up to 80% of the properties value depending on location and Lender
  • Standard Residential Property (must be zoned residential)
  • Terms up to 40 years with up to 5 years interest only
  • Owner occupied and Investment
  • Individuals, companies and trusts
  • Large range of lenders to find a suitable low doc loan solution for your new purchase.

The main documents that we will accept that can be used to verify your income are:

  • An Accountants Letter verifying your income.
  • 6 months of Lodged BAS Statements from ATO Portal
  • 6 months of Business bank statements

You must have an ABN that has been registered (and possibly GST registered if income is over $75,000) Most Lenders require ABN to be registered for 2 years. We have lenders that will accept an ABN registered for only 6 months.

Loan purpose Residential Zoned Vacant Land (up to 1 acre)
Loan term 1 > 30 years.
Interest type Variable rate.
Repayment type Principal & interest, or interest-only up to 5 years then principal & interest.
Repayment options Monthly, fortnightly or weekly.
Repayment method Direct debit only.
Maximum Loan to 80% in high population areas (capital Cities and Major Regional Towns)
Credit history Past credit impairment can be considered at higher rates and fees
Minimum loan size $100,000
Maximum loan sizes $750,000
Acceptable Applicants Individuals, Companies and Trusts
Discharged Bankrupts or Part 9 or 10 Yes at higher rate from 1 Day discharged
Cash Out Unlimted Cash out to maximum LVR for all acceptable purposes including usiness purposes including payout ATO debts, workingcapital and purchasing business equipment.
Current Mortgage Arrears in last 6 months Can be considered on a case by case
Debt Consolidation Unlimited to Maximum LVR
APPLY FOR THIS LOAN

*Interest Rates: All rates are subject to change without notice. Please check all rates and terms before applying.
Low Doc loans are designed for the self-employed or small company borrower/s whose financial statements may not be available. Reasons for this may encompass: Their accountant hasn’t completed and lodged their financials.