Low Doc loans with no BAS
These types of low doc loans are still available.
These types of low doc loans are for businesses with very strong cashflow. Instead of BAS and accountants letter, the last twelve months bank trading statements are required.
These statements must show strong income.
Other criteria for low doc home loans without BAS include:-
ABN registered for two years
GST registered for two years
6 months bank business trading statements
Clean credit (no credit defaults at all)
Refinance up to 80% of property value
Purchase up to 80% LVR
The security property must be residential and in a major metropolitan area.