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Specialist Lending

January 31, 2016
  • Are you self-employed and have difficulty in proving your income?
  • Is your credit history less than perfect?

    Then you may wish to consider specialist lending.

    Specialist Lenders look at providing finance to self employed applicants and borrowers with credit file issues. 

    Characteristics of specialist lending include:

    • Pricing for risk, i.e. the more challenging the borrower, the higher the rate
    • The borrower is able to “self declare” their income.

    This declaration needs to be supported by either:

    – A letter from the borrower’s Accountant

    – Six months BAS Statements

    – 6 months business bank account statements

    • Being a more expensive (rates and fees) avenue of finance

    Specialist lenders will also lend to payout tax debt and credit defaults

    Quite often borrowers will take up a specialist loan for 2-3 years, get their affairs in order and then refinance to a main stream lender.


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