$1.12M Alt Doc Refinance Approved with an Accountant's Letter
For many self-employed borrowers, the challenge isn't servicing the loan—it's meeting traditional income verification requirements.
Assetline helped a self-employed business owner refinance their existing mortgage by assessing the application using an Accountant's Letter, providing a long-term Alt Doc mortgage solution without the need for extensive financial documentation.
The Scenario
A self-employed borrower was looking to refinance an existing residential mortgage.
The borrower had a strong repayment history and a well-established business, however their circumstances meant traditional Full Doc income verification wasn't the most appropriate solution.
Rather than requiring extensive financial documentation, the borrower needed a lender capable of taking a more practical approach to income verification.
Why Traditional Lending Wasn't the Right Fit
Many self-employed borrowers have genuine repayment capacity but don't always fit standard lending policy.
Business structures, tax planning and the way income is reported can make traditional income verification unnecessarily restrictive.
Where the borrower's overall financial position is strong, an Alt Doc lending solution can provide a more appropriate pathway to long-term finance.
The Assetline Solution
Assetline assessed the application using an Accountant's Letter as the primary income verification document.
The solution included:
$1.12 million residential refinance
Alt Doc mortgage
Income verified using an Accountant's Letter
80% LVR
Long-term mortgage solution
Residential security in NSW
By taking a practical approach to income verification, Assetline was able to provide a straightforward refinance tailored to the borrower's circumstances.
"Being self-employed shouldn't automatically make obtaining a home loan more difficult. The right lending solution starts with understanding how the borrower actually earns their income."
Royden D'Vaz
General Manager - Distribution & Partnerships
Deal Snapshot
Loan Amount | $1.12 million |
Product | Horizon Mortgages |
Loan Purpose | Refinance |
Location | NSW |
Security | Residential Property |
LVR | 80% |
Income Verification | Accountant's Letter |
Borrower Type | Self-Employed |
Why This Structure Worked
This wasn't a servicing issue.
It was simply a matter of using an income verification method better suited to the borrower's circumstances.
By assessing the application through Assetline's Alt Doc policy, the borrower was able to refinance into a long-term mortgage without the unnecessary documentation often required under traditional lending policies.
Common Alt Doc Scenarios We Assist With
Assetline regularly helps brokers with:
Accountant's Letter home loans
Alt Doc refinances
Self-employed borrowers
Recently self-employed clients
Borrowers with complex income structures
Business owners
Residential refinancing
Long-term Alt Doc mortgages
Frequently Asked Questions
What is an Accountant's Letter home loan?
An Accountant's Letter home loan allows eligible self-employed borrowers to verify income using a declaration completed by their accountant, rather than providing traditional financial statements.
Who is an Alt Doc loan suitable for?
Alt Doc loans may suit self-employed borrowers, business owners and applicants whose financial circumstances don't fit standard Full Doc lending requirements.
Can Assetline refinance self-employed borrowers?
Yes. Assetline offers long-term Alt Doc mortgage solutions for eligible self-employed borrowers seeking to refinance residential property.
What income documents does Assetline accept?
Depending on the scenario, Assetline may consider an Accountant's Letter, BAS statements or other eligible Alt Doc income verification methods.
What LVR is available?
Eligible borrowers may access Alt Doc lending up to 85% LVR, subject to assessment.
