Built for tradies · ACL 418711
Tradie Home Loans · Just an Accountant’s Letter
No 2 years of tax returns. No 4 quarters of BAS. A one-page letter from your accountant is enough to qualify for a home loan — and your asset finance for the ute, trailer or equipment can settle with no financials at all.
The tradie problem
Why your bank says no even when you’re earning $200k
Tradies who do their own books, run cash and EFTPOS receipts, or have ABNs under two years old get a polite no from the major banks more often than not. Why? The big-bank credit policy is built around PAYG borrowers. It scores your application against your taxable income on your last two ATO Notices of Assessment — and your accountant’s job is to legally minimise that number. So the more efficient your accountant, the less the bank thinks you can afford. Cash income that hasn’t gone through your business bank account in a way the bank can verify? It does not count. ABN that’s only 14 months old? Doesn’t pass policy. Ute deductions, fuel, tools and depreciation all count against you on a literal-reading lender’s calculator. A successful tradie can find themselves “approved” for half what they could actually afford.
How it works
Accountant-letter lending: one page replaces 30
We work with lenders who run an alternative-documentation (alt-doc) program. Instead of two years of personal returns plus two years of business returns plus four quarters of BAS, the lender accepts a one-page letter from your registered tax agent or CPA stating your declared income for the most recent financial year. The letter is signed and dated, includes the accountant’s registration number, and forms the primary income evidence on your file. We pair the letter with six months of personal bank statements (so the lender can verify your existing repayment commitments and lifestyle), photo ID, and council rates or a utility bill for proof of address. That’s typically the entire document set. From first conversation to formal approval is usually 7-14 business days. Settlement another 2-4 weeks. Rates sit roughly 0.3% to 0.7% above the equivalent full-doc loan; once you have two clean years of returns we typically refinance you onto a mainstream rate.
Asset finance
Asset finance with no financials at all
If you’re financing a vehicle, ute, trailer or piece of equipment, the documentation is even lighter than alt-doc home lending. Our specialist asset-finance lenders run “matrix” or “low-doc” deals up to $150,000 — and up to $250,000 for homeowners through Company or Trust structures. The required document set: your driver licence, your ABN, and a one-page application. No bank statements. No tax returns. No accountant’s letter. No financials. No interrogation of your business. Where you’ve got two years of ABN trading and a clean credit file, conditional approval often comes through within 24 hours. The asset itself is the security — your residential property stays completely separate. Conditional approval typically inside one business day; settlement within a week.
Who it works for
Sole traders, Pty Ltds, partnerships, trusts
This pathway works for tradies trading as sole traders, Pty Ltd companies, partnerships, or trusts. It works for builders, electricians, plumbers, carpenters, painters, plasterers, tilers, landscapers, mobile mechanics, excavator and earthmoving operators, scaffolders, fencers and roofers. It works on 12-month ABNs (24+ months preferred but 12-month accepted at several lenders). It works whether your taxable income is $60k or $260k. It works whether you’re buying your first home, your fifth, an investment property, refinancing, or doing a knock-down rebuild.
What we do
You stay on the tools — we run the process
Send us your accountant’s contact details (or a copy of your letter if you already have one), your last six months of personal bank statements, and your photo ID. We compare offers across our alt-doc lender panel against your situation, walk you through the two or three best options, and handle the application end-to-end. You stay on the tools while we package the file, chase the lender, coordinate the valuer, and keep you informed by SMS at every step. We work with brokers across our panel who genuinely understand tradie cash flow — they’re not trying to fit you into a PAYG box.
Frequently asked
Tradie home loan questions
What does an accountant's letter need to include for a low doc home loan?+
Can I get a home loan with cash income I haven't declared through the books?+
What's the rate difference between alt-doc and full-doc home loans?+
How long does my ABN need to be active before I can apply?+
Can I do a low-doc home loan and asset finance for the ute in the same week?+
Talk to a broker today — no cost, no obligation
Three fields. We will be in touch within one business hour during NSW business hours.
Or call 1300 432 961 · Mobile 0481 712 907 · info@outlookfinance.com.au