Often it is difficult for small business owners and self-employed or even normal wage earners to provide documentation to satisfy the requirements of lenders. This restricts their ability to access funds for personal and business use.
Low doc loans are designed for well established business people and self employed or wage earners who at the time of application may be unable to provide full or partial current financial statements for income verification.
These specialised arrangements enable people in this situation to get the funds they need.