Self Employed

It is generally far more time consuming to apply for finance as a self employed applicant, than a PAYG employee. Whether you have all your financials available or not, lenders will generally request a considerable amount of additional information from self employed applicants

The team at LFPG understands that it can often be a struggle to provide all the information required, that actually reflects the true position of your business. With this in mind, we have formed relationships with a number of mainstream lenders who have developed products specifically tailored for self employed applicants.

With less documentation, obtaining approval for your loan is often far easier and less time consuming, however you need to be aware that your lenders may impose limits on how much you can borrow, increase the interest rate they will expected you to pay, and charge you more for application and associated fees such as Lenders Mortgage Insurance (LMI).

To discuss your situation in detail, contact your self employed lending specialist at LFPG today.