We just posted a story about how one lender – PLAN Lending – was offering some good deals on Low Doc loans where they were paying the Mortgage Insurance and offering a great rate but this has now been followed by news from Pepper about some changes for their income verification for these types of loans.

Whilst many lenders insist of getting tax returns and notices of assessments for self employed borrowers, Pepper have announced that they will rely on alternative methods of verification including company bank statements, BAS and information from accountants.

This just makes it that little bit easier for self employed borrowers.

• Big news for Low Doc Lending
• New Life in the Low Doc Loan Market

Comments are closed.