Low-documentation (low-doc) mortgages have a lower threshold for proving your income, but in the current market we’ll still need to see good proof of income coming through your bank statements. With a low-doc mortgage you sign a declaration of your income. This can be a really good option for self-employed people, especially if they have been in business for less than two years. The maximum loan for low-doc is currently 65% of the property value.
Subscribe to our blog
most recent posts
-
Risk with houses built before 1945
January 28th 2012 -
Mortgage Rates: Let the Summer Craziness Begin
January 28th 2012 -
Growing your Property Portfolio
January 28th 2012 -
Waterview Connection | Implications for Property
December 4th 2011 -
Property Investing: Is Big Better?
November 20th 2011