Self Employed Borrowers

Your income may be complex. Your finance doesn't need to be.

Self-employed borrowers are an important part of BWM Finance.

Running a business rarely produces income that looks exactly like a PAYG payslip.

There may be companies, trusts, retained profits, director wages, distributions, depreciation, business debts and changes in performance from one financial year to another.

Different lenders can also assess the same business very differently.

With a background working with business owners and self-employed clients, we are comfortable getting into the detail.

We can review the available financial information, understand the business and identify lenders whose assessment methods may suit the circumstances.

Depending on the lender and application, evidence may include tax returns, financial statements, BAS, bank statements, management accounts or other permitted documentation.

Being self-employed does not automatically make borrowing difficult.

It does make understanding lender policy more important.