Alt Doc solution

Alt-Doc stands for alternate documentation. Alt-Doc loans suit borrowers who fall short of the standard income verification requirements of a regular home loan. Most lenders require full income verification using pay slips and income statements, but not all borrowers for a range of reasons are able to provide this documentation.

When two full financial years of up to date tax returns and Notice of Assessments (NOA) from the Australian Tax Office (ATO) are not available, some lenders will consider one or a combination of alternative documents to support the self-employed applicant’s income. These documents could include Business Activity Statements (BAS), bank statements, accountants’ letters, and income declarations.

With the ability to accept alternative income documentation, Finsure Loans stands as the ideal option for customers who are unable to provide the traditional two years of financial statements generally required to obtain finance. From small to medium business owners, contractors and Company’s or Trusts, Finsure Loans can cater for all types of borrowers.

Regardless of the borrower’s employment or circumstances, Finsure Loans has the product solutions available to accommodate all types of scenarios. Often these solutions are not available through a major bank and clients can come to the specialists at Finsure Loans because we are able to provide options they cannot get elsewhere.