Running your own business shouldn’t make buying a home harder—but lenders often require more paperwork. We know which lenders work well for sole traders, contractors, and company owners, and how to present your income so it’s assessed fairly.
Most lenders want your last two years of personal tax returns and notices of assessment, plus business returns if you trade through a company or trust.
Many lenders look for an ABN that's been registered for around two years. Some will accept less, especially if you've worked in the same field before.
Recent BAS statements help show your income is steady or growing since your last tax return.
Business and personal statements show your cash flow and how you manage your money.
Business owners often reduce their taxable income legitimately, through things like depreciation, one-off expenses or extra super contributions. Some lenders will add these back when they assess your income, which can make a real difference to what you can borrow.
If you've only been trading for a year, or your latest return isn't done yet, some lenders can work with one year's financials or recent BAS statements instead.
Low-doc loans are another option for people who can't provide full financials. They usually need a bigger deposit or come with a higher rate, so we'll compare them with full-doc options first.
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We look at your returns, your business structure and anything a lender could add back.
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Lenders treat self-employed income very differently. We go to the ones that suit your situation.
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We work with you, and your accountant if needed, so the lender sees the full picture.
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We handle the lender's questions so you can keep running your business.
Often, yes. Some lenders accept one year of trading, particularly if you worked in the same industry as an employee beforehand.
It varies. Some lenders average your last two years, while others will use the most recent year if your income has gone up. Choosing the right lender can change your borrowing power.
Not always. It's sometimes needed for low-doc loans or to confirm add-backs. We'll tell you up front if your application needs one.
Not necessarily. They can be the right fit for some business owners, but they usually cost more. We'll show you how they compare with a full-doc loan so you can decide.
This information is general in nature and doesn't take into account your objectives, financial situation or needs. Consider whether it's appropriate for you before acting. All loans are subject to lender approval, and terms, conditions, fees and charges apply.
Book a time to talk through your income and options. It costs nothing and doesn't affect your credit score.
