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Business and Investment
- (Low Doc Funds)
Rates
Loan Inquiry
Form
Many
of our clients are businessmen who have assets and income
but perhaps because of tax minimisation schemes etc. are unable
to prove adequate serviceability to banks because their taxation
returns bear little or no resemblance to their real income.
So if you wish to use your home or residential investment
property to raise business/investment capital or indeed purchase
a residential investment property a Low-Doc loan could be
the answer - most Low-Doc lenders will not deal in commercial
properties - Click
here if you have a commercial property and see if a Solicitors
Loan applies to you.
Our Low-Doc lenders do not require taxation
returns, cash flows, business plans, budgets, accountants
recommendations etc. and they do not generally apply income
or gearing ratios when considering business/investment mortgage
proposals – at least not to the degree that institutions
do!
The current Credit Act requires that borrowers declare the
loan purpose - either a loan under the Credit Act - a consumer
loan (house purchase -owner occupied, holiday, consolidate
personal loans, vehicle purchases - for personal use etc.)
OR if the monies are to used for predominantly business or
investment purposes eg. purchase of shares, a business, stock,
investment property etc.
See
Rate Up-Date
page for current interest rates and loan criteria and/or email
the Loan
Inquiry Form for a full written indicative
offer/quotation which includes: confirmation of amount, rate
and term, applicable fees and application forms.
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