Low doc loans

“For self-employed applicants with limited income documentation”

Many overlook one sector of the market which is stable, and growing steadily. That’s the low doc sector. “Low doc” loans or also known as “Alt doc” loans are simply loan applications where a self employed applicant cannot prove their true annual income from traditional sources of documentation. Here, relative regulatory stability has allowed the non-banks to introduce new products, particularly in the prime and non-prime space.

Over the last decade, we’ve seen many changes to the “low doc” market:

  • Tighter serviceability criteria
  • More proof of income required
  • Lower maximum ‘loan to value ratios’ (LVRs)
  • Various lenders pulling out of this space
  • Additional interest rate loading

Our experience and expertise enables us to place your loan request to the right lender the first time.

What our clients say

Exceptionally thorough

“I recently purchased my first home and used the services of Blue Key Finance.  I gave Matt the rather difficult job of organising finance after I’d made an offer on a house and with an exceptionally short settlement (not the best way to go about purchasing a home).

Matt was exceptionally thorough in helping me understand the loan process and all available options.  He was also willing to discuss and compare loan information I’d gained from other finance companies.

The purchase of this home was the most stressful period of my life so far.  Matt’s assistance and willingness to answer questions was greatly appreciated.  Without his involvement I’d probably have had a nervous break down!

Kara Eichhorn