Flexible income verification for self-employed borrowers
Borrow up to 80% of your property's value
Apply with accountant’s letter, BAS or bank statements
Dedicated support from Yard's low doc lending experts
Our dedicated team of local Loan Consultants is here to help you
A low doc loan is a mortgage that lets you verify your income using alternative documents, rather than the standard two years of tax returns and payslips. Low doc loans are also called alt doc home loans, short for alternative documentation.
A low doc mortgage works like a standard home loan. You borrow from a lender, repay the loan with interest, and the property acts as security. The difference is how your income is assessed. Yard can consider an accountant’s letter, Business Activity Statements (BAS) or bank statements in place of full financial records. This may be suitable for self-employed borrowers or small business owners who have genuine income but do not have up-to-date financials. At Yard, we assess your full financial position to work out what you may be able to borrow.
Yard is an Australian non-bank lender that specialises in low doc home loans. We take a personalised approach to each application, which includes alternative ways to verify income for self-employed borrowers.
If you earn income through an ABN, you may be able to apply for a low doc home loan with Yard.
Low doc home loans for self-employed borrowers may suit you if you earn income through an ABN but cannot show the usual payslips or lodged tax returns. As a non-bank lender, Yard can assess income using alternative documentation. A low doc home loan may be suitable if you are:
Low doc does not mean no doc. A valid ABN is required, along with one of the following as evidence of your income:
A valid ABN (active for at least 6 months)
An accountant’s letter confirming your income
Business Activity Statements (BAS)
Bank statements (personal or business)
Our team will guide you through what is required based on your circumstances. You can also read our guide on the documents needed for a low doc home loan.
Finance for an owner-occupied or investment property purchase. Use Yard’s borrowing power calculator for an estimated calculation.
We can help you refinance an existing loan from another lender to obtain a better interest rate, access new loan features or restructure your current mortgage.
We can assist with debt consolidation including personal debt, business loans and ATO debts.
You can release equity from your property to do renovations, purchase another property or for business purposes.
A low doc home loan can provide greater flexibility for self-employed borrowers. Before applying, it is important to understand both the benefits and limitations.
Pros
Flexible income verification without lodged tax returns or payslips
Recent income growth can be considered, even if last year's tax return does not show it
A faster application where standard income documents are not available
Cons
May attract a higher interest rate than a full-doc loan
Some loan options may carry tighter lending criteria
Often requires a higher deposit, with Yard offering options up to 90% LVR
Alternative income verification options through accountant declaration, BAS or bank statements.
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We are specialists in low doc finance for self-employed borrowers. We take the time to understand you and your business.
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We can help you purchase, refinance, consolidate debts or release equity/get cash out from your property.
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We perform individual assessment on each application to consider your specific circumstances on a case-by-case basis.
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Taxi driver
Amir, a freelance software developer, had variable income and non-standard financial documentation. By providing two business activity statements (BAS), Amir was able to obtain a tailored low doc home loan solution that recognised his income and supported his successful property purchase.
Self-employed software developer
Newly self-employed carpenter
Self-employed software developer
Matt, a carpenter from Brisbane, recently launched his own construction business after years as an employee. With limited tax history, he couldn’t meet standard lending criteria. Using 12 months of BAS and consistent business income, Matt secured an approval for a low doc home loan – allowing him to purchase a home and transition confidently into self-employment.
Newly self-employed carpenter
Business owner and property investor
Newly self-employed carpenter
Sophie, a café owner in Melbourne, wanted to expand her investment portfolio but didn’t have up-to-date tax returns. With an accountant’s letter and strong business records, she secured a low doc investment home loan to purchase an investment property.
Business owner and property investor
Taxi driver
Business owner and property investor
Brian, a taxi driver in Sydney, was seeking to reduce his mortgage repayments and consolidate personal debt. Without regular payslips, he evidenced his income through business bank statements. He obtained a low doc refinance loan that lowered his monthly repayments and helped improve her overall cash flow.
Taxi driver
Self-employed software developer
Apply online with our easy online home loan application. A dedicated Loan Consultant will give you a call to discuss your home loan requirements and help find the best solution for you.
We verify your information by receiving some supporting documentation, e.g. accountant letter, BAS or bank statements. We also perform a valuation on your property.
Our credit team reviews your information and makes an assessment on your application.
Our solicitors send you the loan contract via email. When it is time for settlement, our solicitors will work with your solicitor (for a purchase) or current lender (for a refinance) to settle your home loan!
Yes. Yard is an Australian non-bank lender that offers low doc home loans for self-employed borrowers. As a low doc mortgage lender, we can assess income using an accountant’s letter, BAS or bank statements when standard documents are not available. Every application is reviewed individually. You can view our low doc loan rates and repayment estimates.
We can use an accountant declaration, Business Activity Statements (BAS) or bank statements showing your business income and expenses. You can read more about alternative income verification documents.
We typically expect two years of ABN registration. Yard can also consider self-employed borrowers with 6 months of ABN registration. Start your application online and a Loan Consultant will call to discuss your options.
Low doc or alternate doc Loans (alt doc) is a way to describe home loans for people with income and assets, but without the regular ways to prove this. At Yard, we understand that not everyone who is looking for a home loan will have traditional proof of their ability to afford to repay the loan and may have different financial structures. As a non-bank lender, our Loan Consultants are able to take your unique circumstances into account when discussing your home loan. So if you're looking for a mortgage but aren't sure whether you can prove that you can repay, get in touch with our friendly team today and we'll talk you through the process and what we need to be able to finance your property.
It may be possible. Yard assesses each application individually rather than relying on a credit score, so a poor credit history does not automatically rule you out. Interest rates and terms may vary, and lending is subject to Yard’s credit criteria.
All home loan lenders have an obligation to not let you borrow more than you’re financially able to repay. Low doc loans are an alternative way to prove that you have the income required to service the loan, and we will still need to verify your income through the alternative documentation.
Self Employed home owners
Flexible income verification
Purchase and refinance
Debt consolidation and equity release
LVR up to 80%
Additional payments
Free redraw
Split accounts
Optional offset facility for +0.10% p.a.^
Self Employed investors
Flexible income verification
Purchase and refinance
Debt consolidation and equity release
LVR up to 80%
Additional payments
Free redraw
Split accounts
Optional offset facility for +0.10% p.a.^
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