A self-employed client (for three years) was looking to buy his first home since a matrimonial separation.

He had clean credit, and good bank account conduct for the last three months with a reasonable level of deposits apparent.

He was however unable to prove income, but declared $41,000 however was unable to supply any GST returns because the business was not registered for GST (below threshold requirement).

Funding was approved using an  Asset Lend  product – with a 30 year term loan,  the rate was fixed for 1 year at 8.49% with principal and interest repayments monthly.

So even in these tough lending times there are lenders willing to look outside the square.