If you own residential property but cannot demonstrate your capacity to service a loan via taxation returns, The Collins Finance Group may be able to help you by providing you with what has commonly become known as a “low doc” or “self-certified” loan. The loans are generally available to all borrower types (subject to approval) and can even be facilitated for borrowers with less than satisfactory credit history.

There are a multitude of “low doc” loans available in the market place and it can be a daunting task selecting the correct loan for your circumstance. Our largest “low doc” loan to date was for $3,000,000 secured by a property in Mosman. Typically, this method of borrowing is undertaken by clients who know that that they can service a loan but who do not have an established track record to support their request or people who simply prefer not having to provide their personal information to a lender.

The loans can be provided in personal, company or trust names. The loans negate the requirement for annual reviews of your business as they are typically provided for terms in excess of twenty-five years. If you are borrowing in a company name, you are not required to provide a company charge (also known as a company mortgage debenture) as part of the security for the loan.

The interest rates for these types of loans vary with individual circumstances but are nevertheless very competitive.

If you’d like to discuss your current situation, please contact us by telephone or email.

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