Quick Approval of $4.5M Home Loan for Self-Employed using Accountant’s Letter
Occupation
Self-employed – Systems Engineer
Location
VIC (CAT 1)
Loan Amount
$4,500,000
LVR
60%
Property Type
Established House
Scenario
Mr. T, a seasoned systems engineer, has been running his own successful engineering business for many years. Seeking to further expand his business, he was looking to move his family into a larger house in a more convenient location. However, Mr. T faced challenges in securing a loan from traditional banks as he was unable to provide two years’ worth of financial statements, and he required a higher loan amount to purchase a house in his desired area.
How did Brighten help?
Brighten offered Mr. T a solution under its Alt Doc Prime product, Brighten Boss® Prime, which allowed him to provide a letter from his Accountant to verify his self-employed income, saving him the time and effort of preparing detailed financial statements.
With Brighten’s increased maximum loan size of $5million and enhanced serviceability, Mr. T was approved for $4.5 million at an attractive interest rate. Thanks to Brighten’s quick turnaround, he was able to proceed with the purchase of the new property, and his family moved into their new home without delay. Brighten’s ability to understand and accommodate needs of self-employed individuals like Mr. T demonstrates our commitment to providing exceptional service and effective financial solutions to all Australians.
Fees, charges, lending criteria applies.