No Doc loans are designed for clients that do not have documents
to prove income as well as do not know their annual income. However the
client knows they can afford the repayments. We can provide up to 70% LVR on a No Doc loan.
There
is a growing range of No Doc products on the market, with many lenders
offering standard and premium No Doc loans with the choice of fixed or
variable interest rates. Borrowers also get access to a range of loan
features and options never previously available.
With the
current credit marketing tightening these No Doc loans are becoming
increasingly difficult to come by. If this type of loan is required we
welcome discussing the client's needs to confirm this is the only
option.