Westpac - Low Doc Loans

Main features for home and investment lo doc loans...

Company
Interest Rates	Enquire Here - standard rates and discounts apply
Products Available	Variable, fixed, line of credit, construction and interest only options
Maximum Lend Amount Per Property	Less than 60% LVR - $1.5 million; Greater than 60% LVR - $1 million
Maximum Exposure Per Borrower	2 million
ABN Required	2 years minimum
GST Required	Yes if income is greater than $75,000
BAS Statements	Less than 60% LVR - No; Greater than 60% LVR - Yes 12 months
Purchases	Up to 80% of the properties value
Refinance Available	Yes up to 80% of the properties value
Cash Out	On a case by case basis
Construction	Yes to 80% LVR
No Doc	Not available
PAYG Employed Borrowers	No
FEES
Upfront Fees	$355 additional fee
Ongoing Fees	Product selected
Early Exit Fees	Product selected
Discharge of Mortgage Fees	Product selected

Notes

Lo Doc Applications: must be supported by 12 months worth of Business Activity Statements (BAS) and the end of latest BAS activity period no more than 4 months prior to the the first formal application submission date.

Following Documents can be used to comply with the BAS requirement:

- Completed ATO BAS templates

- Completed BAS created vis Accountant's software

- BAS printouts/summaries from the Tax Agent Portal or the Tax Office

Low Doc Loans must be supported by:

- Copy of the Australian Business Registration certificate generated at the time of ABN registration or The letter issued by Australian Business Register that confirms the ABN registration and accompanies the certificate.

ABN registration date was at least 2 years prior to the date of application

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

Westpac - Low Doc Loans

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