Bankwest - Low Doc Loans
Main features for home and investment lo doc loans...
| Company |
|
| Interest Rates | Enquire Here - low doc interest rates apply |
| Products Available | Variable and interest only options |
| Maximum Lend Amount Per Property | Less than 60% LVR - $2.5 million; Greater than 60% LVR - $1 million |
| Maximum Exposure Per Borrower | Less than 60% LVR - $2.5 million; Greater than 60% LVR - $1 million |
| ABN Required | 2 years minimum for over 60% LVR |
| GST Required | Yes |
| BAS Statements | No but they may be requested |
| Purchases | Up to 80% of the properties value |
| Refinance Available | Yes up to 60% of the properties value |
| Cash Out | Less than 60% LVR - Yes; Greater than 60% LVR - No |
| Construction | Yes to 80% LVR |
| No Doc | Not available |
| PAYG Employed Borrowers | No |
| FEES | |
| Upfront Fees | $700 |
| Ongoing Fees | Nil |
| Early Exit Fees | Nil |
| Discharge of Mortgage Fees | $600 |
Notes
The Bank West Low Doc Home Loan is a low
documentation or self certification home loan, with a variable interest
rate for self employed borrowers who have complicated income structures
or are unable to provide up to date financial information.
Self Employed, Contractors and other who have the income to
service a home loan but may not have the tax returns or financial
statements normally needed to qualify for a home loan. Must have an ABN
number in place to qualify for this product. If LVR <60% ABN needed for
1 year, if 60% to 80% need ABN in place for 2years. BAS Statements not
required.
Loans in personal names only
No company names
No Guarantors
Maximum of two borrowers incomes can be used
for serviceability, for deals with LMI
If income of >$75K: Non LMI (LVR<=60%) and
LMI (LVR 60%-80%) - then borrower is to be registered for GST for the
same length of time as ABN has been registered. (ABN must be registered
>1 year for LVR>60% and ABN must be >2 years for LVR 60%-80%)
Back to Low Doc Loans
Need Help Finding the Right Low Doc Loan...
• 80% LVR (Loan to Value Ratio) home loans and investment loans at full doc loan rates
• No BAS statements required for lo docs loans up to 80% LVR
• Low doc loans for PAYG (employed) borrowers up to 60% of the properties value. No ABN required
• Low doc loans with 6 months to 2 years ABN and GST registration
• Refinances up to 80% LVR with
• Cash out with no BAS required
• Credit impaired low doc loans
• No doc loans
• Many more options and hundreds of loans available
Simply click the link below or call 1300 726 136 to have all your mortgage questions answered
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