Business Owner Used His Director Wages to Service a Full Doc Loan
Occupation
Self-employed – IT Industry
Location
NSW (CAT 1)
Loan Amount
$2.5m
LVR
70%
Property Type
House
Scenario
Mr. H is a successful business owner and seasoned investor with three investment properties. He runs three successful businesses and was looking to add another property to his portfolio. As a director of the company, Mr. H receives regular wages and was looking for a competitive lending solution with streamlined paperwork requirements.
How did Brighten help?
Mr. H provided Brighten with 2 consecutive payslips, 6 months of bank statements showing payment being made via salary credits, and an Accountant’s Letter confirming that the company has sufficient profits to meet its business commitments and that the business has traded profitably for the last two years.
Brighten approved Mr. H’s application under its Full Doc Prime product, Brighten Empower Prime.
Fees, charges, lending criteria applies.