Residential First Home Buyer Purchase

A self employed client looking to buy their first home

Challenges Faced

Our client was self employed with a complex financial structure comprising 4 entities and several partners.  The flow of income was complicated with the main issue being that significant profits had been retained by the trading entities – usually this is not acceptable income unless it has been distributed out to the Borrower(s)

Outcome

We were able to source a highly competitive loan option for the clients where the major income hurdle was able to be overcome (without any Guarantors), and a home loan was pre-approved enabling them to buy their first home with confidence