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.

Not eligible for customers with existing BankWest business lending

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

 

Low Doc Quotes !



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