Outlook Finance · Low Doc

Low Doc Home Loans

Self-employed, contractor, sole trader, or business owner without two years of full tax returns? Low doc home loans accept an accountant’s letter as your income evidence.

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15+ Years Experience

2,000+ Australian families helped

The problem

Banks demand 2 years of returns. Your business is 18 months old.

If you’re self-employed without two complete years of tax returns and matching financials, the major banks send you a polite no. Even if you’ve got bank statements showing $20k-$30k coming in every month, the policy is the policy.

The Outlook way

An accountant’s letter is enough

Our low doc lender panel accepts an accountant’s letter declaring your income — no two years of returns required. Some accept business bank statements or BAS instead. Rates are competitive (usually within 0.3%-0.7% of mainstream) and the application process is fast. We’ve placed thousands of self-employed borrowers this way.

How it works

Three steps. Roughly 30 minutes.

1

Apply

Tell us your situation in a 2-minute online form, or call for a 10-minute chat. No documents needed yet — we just want to understand what you are trying to do.

2

Assess

We compare every product on our lender panel against your situation, then walk you through the 2-3 best options including realistic rates, fees, and turnaround times.

3

Approved

We package and submit the application, chase the lender, and keep you informed at every step. Most clients are unconditionally approved within 5-10 business days.

Frequently asked

Common questions about low doc home loans

What documents do I need for a low doc home loan?+
Most low doc lenders accept one of three income evidence types: (1) an accountant's letter declaring your annual taxable income, signed by your registered tax agent or CPA; (2) 6-12 months of business bank statements; or (3) 4 quarters of BAS. Plus standard ID, proof of address, and 6 months of personal bank statements showing your living expenses.
Is the rate higher on a low doc loan?+
Slightly. Low doc rates are typically 0.3%-0.7% above the same lender's full doc rate, reflecting the additional underwriting work and the lender's risk assessment. As you build a track record (typically 2 years on the loan) you can refinance to a full doc rate.
How much can I borrow on a low doc?+
Most low doc lenders cap LVR at 80% (so 20% deposit). A handful go to 85% with LMI. Loan amounts up to $2 million are common for owner-occupied; commercial low doc can go higher. Your borrowing capacity is calculated from your declared income (with normal living expense and serviceability calculations).
What's the difference between low doc and alt doc?+
The terms are largely interchangeable in Australia. 'Alt doc' (alternative documentation) is the technically correct term post-NCCP regulations; 'low doc' is the older term that consumers still recognise. Both refer to home loans where standard tax returns aren't the primary income evidence.
Can I refinance from a low doc to a full doc loan later?+
Yes — and most clients do. Once you have 2 full years of tax returns showing your income, we refinance you to a full doc product at a lower rate. Most clients we set up on low doc move to mainstream rates within 18-24 months.

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