Self-employed? At Hotspot Finance we are sensitive to the fact that many self-employed individuals do not have up-to-date proof-of-income like tax returns and financial statements typically required by a lender. An alt doc or ‘alternative documentation’ loan may suit. Alt doc loans are also referred to as ‘low doc’ loans.

Generally the applicant must self-declare an income suitable to support the loan and, in most instances, must provide some alternate income verification such as current BAS statements, business trading statements or an Accountant's certification. 

• For self-employed applicants who are unable to provide current tax returns and financials

• Secured over residential or commercial property

• Loans to 85% of residential property value, and 80% for commercial property value

• Available for owner occupied or investment purpose

• Either variable, fixed or a combination of both loans

• Draw equity for investment or worthwhile purpose.