Cash-Out Refinance · Self-Employed
Release equity from your home — without two years of tax returns
Borrow up to 80% LVR. Use the cash for business, ATO debt, a vehicle, stock, or investment. ABN holders and company directors welcome.
What can you do with the cash?
Self-employed borrowers use cash-out for a wide range of legitimate purposes. Lenders assess each use — here’s what typically gets approved:
✅
Commonly approved
- Business working capital
- ATO tax debt payout
- Vehicle, ute, truck deposit
- Equipment purchase
- Stock or inventory
- Investment property deposit
- Business acquisition
- Debt consolidation
⚠️
Lenders assess case-by-case
- Paying out a business partner
- Overseas remittance
- Gifting funds
- Gambling debt payout
- Personal lifestyle expenses
What documents do you need?
| Doc type | Alt doc (most common) | Full doc |
|---|---|---|
| Income evidence | 6–12 months BAS or 12 months business bank statements or accountant’s letter | 2 years tax returns + ATO NOA |
| ABN age | 12 months GST-registered (most lenders) | 2 years trading |
| Property | Owner-occupied or investment | Same |
| LVR (with cash out) | Up to 80% (no LMI in many cases) | Up to 90%+ with LMI |
| Credit | Clear 12 months (some lenders allow minor defaults) | Clear 24 months |
Exact requirements vary by lender and loan size. We match you to the right lender for your situation.
Worked example — Western Sydney
Sole trader, plumbing business, 3 years ABN, no current mortgage offset.
| Current property value | $950,000 |
| Existing mortgage | $430,000 |
| 80% LVR ceiling | $760,000 |
| Cash available to release | $330,000 |
| What he used it for | ATO debt ($90k) + 2 work vans ($80k) + working capital ($160k) |
Individual results vary. Property values, existing debt and lender policy determine actual available equity. This example uses an 80% LVR cap with no LMI.
Frequently asked questions
My tax return shows low income. Will I still qualify?
Likely yes. Alt-doc lenders assess income using BAS, bank statements or an accountant’s letter — not your tax return. Many self-employed borrowers legally minimise taxable income, which under-represents their real cash flow. We present your income the right way for the right lender.
How much can I cash out?
Most lenders cap cash-out at 80% LVR without lenders mortgage insurance (LMI). Some will go to 90% with LMI. The exact amount depends on your property value, existing debt, and the lender’s appetite for the cash-out purpose.
Can I also get a better rate at the same time?
Yes. We regularly restructure the entire loan at the same time — pull equity out and cut the rate. If you’re sitting on a 7–8% low-doc rate from 3–5 years ago, there’s often a meaningful saving available alongside the cash-out.
How long does it take?
Conditional approval typically 3–5 business days once we have your documents. Settlement 3–4 weeks after formal approval, depending on the lender and your solicitor. We push the file hard — if you’re chasing a specific date (tax due, settlement on a purchase), tell us upfront.
Do I need to own a business or just have an ABN?
Either. Sole traders, company directors, contractors, and trust structures all qualify under the same alt-doc rules. The ABN just needs to be GST-registered and at least 12 months old with most lenders.
Check if you qualify — 60 seconds
Tell us a little about your situation and we’ll call you within 15 minutes in business hours.
Or call us direct: 1300 432 961 · Mon–Fri 9am–6pm · Sat 9am–12pm
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