Self Employed Loans Perth

We Understand Self Employed Borrowers

Getting a Home Loan When You Are Self Employed

If you run your own business, work as a contractor, operate as a sole trader, or earn income as a freelancer, getting a home loan can feel like it requires a lot more work than it does for someone in regular employment. At Mortgage Broker Perth by Natloans, we work with self employed borrowers every day, and we know exactly which lenders are more flexible when it comes to assessing self employed income. Whether you are looking at a self employed home loan, a self employed investment loan, or a self employed refinance, we are here to help you put your best case forward.

The challenge for most self employed borrowers is that income can look very different on paper compared to what actually comes into the business. Lenders typically want to see self employed tax returns, often for the past one to two financial years, to verify income. For company directors, lenders may also request company tax returns or trust tax returns depending on your business structure. This is standard practice, and Mortgage Broker Perth by Natloans can help you understand what documentation you will need to prepare before you submit a home loan application.

Self Employed Income Verification

Self employed income verification is one of the most important parts of a self employed credit assessment. Lenders look at your taxable income, your business bank statements, and sometimes additional documents to build a picture of your financial position. For some borrowers, particularly those who have recently started a business or whose income fluctuates, standard documentation may not tell the whole story. In these situations, low doc options may be worth exploring. Low doc loans allow for alternative documentation such as an accountant's letter or business activity statements instead of full tax returns. Mortgage Broker Perth by Natloans can explain whether a low doc loan could be suitable for your situation.

Your self employed borrowing capacity is calculated differently to that of a PAYG employee. Lenders will assess your net income after business expenses, and in some cases they may add back certain deductions to arrive at a more accurate figure. Understanding how lenders assess your income is key to knowing what loan amount you may be able to apply for. Our brokers take the time to work through your financials with you so you have a clear picture before you apply.

Deposit Requirements and LVR

Self employed deposit requirements can vary between lenders. Most lenders will want to see a genuine deposit, and some will require evidence of self employed genuine savings held over a period of time. The self employed LVR, or loan to value ratio, will also affect which lenders and products are available to you. Borrowing above 80 per cent of the property value typically means Lenders Mortgage Insurance (LMI) will apply, which adds to the overall cost of the loan. Some lenders are more accommodating than others when it comes to LVR thresholds for self employed borrowers, and Mortgage Broker Perth by Natloans can help you identify which lenders may be a better fit.

If you are a self employed first home buyer, there are also government schemes and concessions that may be available to you, including stamp duty concessions in Western Australia. Our brokers can point you in the right direction and connect you with the right resources, though we always recommend speaking with a qualified accountant or conveyancer for advice specific to your circumstances.

Interest Rates for Self Employed Borrowers

Self employed interest rates are not necessarily higher than those available to salaried employees, but the range of lenders willing to offer competitive rates to self employed borrowers can be narrower. Mortgage Broker Perth by Natloans has access to a wide panel of lenders, which means we can compare variable interest rate and fixed interest rate options across multiple products to find something that suits your needs. Some lenders also offer interest rate discounts for borrowers with strong financials or lower LVR positions, and we will always look for opportunities to strengthen your application.

For business owners looking to grow their property portfolio, a self employed investment loan or investment loan refinancing may also be worth considering. Our team works with investors who are self employed to structure loans in a way that supports their broader financial goals, always within the scope of our role as mortgage brokers.

At Mortgage Broker Perth by Natloans, we believe that being self employed should not be a barrier to owning property. Whether you are a sole trader, a company director, a contractor, or a freelancer, we are committed to helping Perth business owners access the home loans they are looking for. We work with lenders who understand self employed borrowers and who apply a flexible assessment approach to loan applications. Speak with our team today to find out how we can help with your self employed loan in Perth.

Getting Started is Easy

Step 1: Initial Consultation
We start with a free, no-obligation chat to get to know you. We listen to your goals, your situation, and what you are hoping to achieve. Whether you are buying your first home, refinancing, or investing, this is where it all begins.

Step 2: Understanding Your Finances
Next, we take a close look at your financial position. This includes your income, expenses, savings, and any existing debts. Getting a clear picture of where you stand helps us find the right loan options for you.

Step 3: Researching Your Options
With access to a wide panel of lenders, we do the legwork for you. We compare hundreds of loan products to find the ones that best match your needs, goals, and budget. You get options, not just one answer.

Step 4: Presenting Our Recommendations
We walk you through our top recommendations in plain English. No jargon, no confusing fine print. We explain the features, fees, and repayments so you can make a confident, informed decision.

Step 5: Preparing Your Application
Once you are happy with a loan, we prepare your application and gather all the required documents. We make sure everything is accurate and complete before it goes to the lender, giving you the best chance of a smooth approval.

Step 6: Lodging and Managing Your Application
We submit your application and act as your point of contact with the lender throughout the process. We follow up, answer questions, and keep you updated every step of the way so you are never left in the dark.

Step 7: Settlement and Beyond
Once your loan is approved and settled, our job is not done. We stay in touch to make sure your loan continues to work for you. As your life changes, we are here to review your loan and help you make the most of your mortgage.

At Mortgage Broker Perth by Natloans, we are with you every step of the way.

Hear From Our Clients

Hi I’m Eric, I liked how easy it was to apply for financing. Most of the paperwork was completed online, making the process quick and hassle-free. The approval came through faster than I expected, and communication throughout the process was excellent. Specially to Lizzy she’s very kind she really loves her job and I would confidently recommend this finance service to anyone looking for a reliable car loan.

Jong Fillarca

I had a wonderful experience with Natloans, as an older customer I do represent something of a challenge but Michelle worked really hard to secure the loan I needed and her efficiency was above and beyond. Thanks Natloans I would not hesitate to recommend your services. 10 out of 10 in my book!

Vicki Green

Lizzy was great. Was a bit of a long process for me. But Lizzy got it there in the end. Thank you

Sammy Harrison

I am extremely happy with the service, assistance and guidance I received from Lizzy. Throughout the loan process she kept me updated and listened carefully to my situation and needs, eventually finding the loan that was the most suitable for me. I would highly recommend her without reservation.

Nicky

Got Questions?

Can Mortgage Broker Perth by Natloans help me if I am self-employed?

Yes, we regularly assist self-employed clients in Perth with their home loan needs. Applying for a home loan when you are self-employed can be a little more involved than a standard application, as lenders often require additional documentation to verify your income. This might include tax returns, business activity statements, and profit and loss statements. Some lenders also offer loan products specifically designed for self-employed borrowers. At Mortgage Broker Perth by Natloans, we understand the unique circumstances that come with being self-employed and we will work with you to present your financial situation in the clearest and most accurate way possible when submitting your application.

How long does the home loan process take?

The timeline for a home loan can vary depending on a number of factors, including the lender you apply with, the complexity of your financial situation, and how quickly all required documents are provided. Generally speaking, the process from initial consultation to loan approval can take anywhere from a few days to several weeks. At Mortgage Broker Perth by Natloans, we work to keep things moving as efficiently as possible by preparing your application thoroughly and maintaining regular communication with your lender. We will keep you updated throughout the process so you always know where things stand and what to expect next.

Can a mortgage broker help me if I am a first home buyer?

Absolutely. First home buyers are one of the groups we most enjoy helping at Mortgage Broker Perth by Natloans. Buying your first home can feel overwhelming, especially when you are trying to understand loan types, deposit requirements, government grants, and the application process all at once. We take the time to walk you through each step and explain things in plain language so you feel confident in the decisions you are making. We can also help you understand whether you may be eligible for government schemes such as the First Home Owner Grant in Western Australia, though eligibility is always subject to individual circumstances and government criteria.

How is using a mortgage broker different from going directly to a bank?

When you go directly to a bank, you only see the products that particular bank offers. A mortgage broker, on the other hand, has access to multiple lenders and a broad range of loan products. This means you get to compare more options before making a decision. At Mortgage Broker Perth by Natloans, we take the time to understand your personal circumstances and then present you with options that may be suitable for your situation. We also handle much of the paperwork and communication with lenders on your behalf, which can save you a significant amount of time and effort throughout the process.

What does a mortgage broker actually do?

A mortgage broker acts as a go-between for you and a range of lenders, including banks, credit unions, and other financial institutions. Rather than you having to approach each lender individually, a mortgage broker does the legwork on your behalf. They assess your financial situation, help you understand your borrowing options, and submit your application to a lender that may suit your needs. At Mortgage Broker Perth by Natloans, we work with a wide panel of lenders, which means we can present you with a range of options rather than just one. Our role is to make the home loan process clearer and more manageable for you from start to finish.

How much does it cost to use Mortgage Broker Perth by Natloans?

In most cases, our service comes at no direct cost to you as the borrower. Mortgage brokers in Australia are typically paid a commission by the lender once your home loan settles. This commission is paid by the lender, not by you. We are required by law to disclose any commissions or fees upfront, so you will always know exactly how we are compensated before you proceed. If there are any circumstances where a fee may apply, we will be completely transparent about this from the outset. Our goal is to ensure you feel informed and comfortable with every aspect of working with us.

What documents will I need to apply for a home loan?

While the exact documents required can vary between lenders, there are some common items you will typically need to have ready. These usually include proof of identity such as a passport or driver's licence, recent payslips or proof of income, bank statements from the past few months, details of any existing debts or liabilities, and information about the property you are looking to purchase. If you are self-employed, you may also need to provide tax returns and business financial statements. At Mortgage Broker Perth by Natloans, we will give you a clear checklist of what is needed for your specific situation so you can gather everything without any confusion.

Why should I choose Mortgage Broker Perth by Natloans over other brokers?

At Mortgage Broker Perth by Natloans, we are committed to putting our clients first in everything we do. We take the time to genuinely understand your situation, your goals, and your concerns before presenting any options. We believe that a good outcome starts with a good conversation, and we pride ourselves on being approachable, honest, and thorough throughout the entire process. Our clients trust us because we communicate clearly, act with integrity, and are with you every step of the way from your first enquiry through to settlement.

What types of home loans can Mortgage Broker Perth by Natloans help me with?

We can assist with a wide range of home loan types to suit different situations. Whether you are purchasing your first home, upgrading to a larger property, investing in real estate, or looking to refinance your existing loan, we can help you explore your options. We work with lenders who offer variable rate loans, fixed rate loans, split loans, interest-only loans, and more. Each loan type has its own features, benefits, and considerations, and we will help you understand what each one means for your situation. Our aim is to make sure you have a clear picture of your options so you can make an informed choice.

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