Low doc home loans with flexible income verification options
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 (low documentation) home loan is a mortgage product that allows borrowers to verify their income using alternative documents, rather than the standard two years of tax returns and payslips. Low doc home loans can also be referred to as alt doc (alternative documentation) home loans.
Low doc home loans are suitable for self-employed borrowers or small business owners who have genuine income but may not have up-to-date financial records. At Yard, we assess your situation holistically to determine your eligibility while ensuring we meet our responsible lending obligations.
As a non-bank lender, Yard takes a personalised approach to loan approvals, which includes alternative income verification options to assess potential self-employed applicants. A low doc home could be suitable for you if you are generating income through an ABN.
Low doc doesn’t mean no doc. You’ll still need to provide alternative evidence of your income, such as:
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’s required based on your specific situation. Read our guide on documents needed for a low doc home loan here.
Flexible solutions to help with your owner-occupied or investment property purchase.
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.
We’ll help you find a loan that fits your circumstances and supports your long-term goals.
Pros
Flexible income verification
Ideal for self-employed borrowers
Faster application and approval process
Cons
May attract higher interest rates
Loan options may have tighter eligibility 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 self-employed lending specialists - we'll get to know you and your business to find a solution for your situation.
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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, some lenders consider applicants with poor credit histories, although interest rates and terms may vary. Our team will assess your eligibility case by case.
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 or may have complex 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. You can view our low doc loan rates and calculate your home loan repayments here.
We can use an accountant declaration, Business Activity Statements (BAS) or transaction bank statements showing your business income and expenses. You can read more about alternative income verification documents here.
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.
Typically, we expect that you have 2 years of ABN registration. That being said, Yard has solutions for self-employed customers with 6 months ABN registration. Simply start your application online and one of our Loan Consultants will call you back to discuss your options.
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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