Low Doc Discharged Bankrupts or Part 9 / 10

Low Doc Home Loans for Discharged Bankrupts or Part 9 or 10. Discharged Part 9 or 10 can apply for a home loan from discharge. Rates are dependent on LVR and time since discharge and can go to a maximum of 85% of property value. If you are currently in a Part 9 Agreement then you can refinance your current mortgage for annulments of bankruptcy and paying out part IX (9) debt agreements.

Each loan has to be treated as an individual basis so it is important to deal with a broker that has several options and is experienced in this category of lending.

The matrix below gives you an overview of product perimeters however it is best to phone or apply online so we can analyse your unique circumstance.

Applicant type Individual Borrowers, Discretionary & Unit Trusts and Property Holding or Trading Companies.
Employment requirements Self employed – must be ABN registered for a minimum 6 months. Must be GST registered if Income is over $75,000
PAYG Co-Applicants allowed (must provide full income proof).
Income: required proofs Case by Case depending on lender.
Either Self Certification with Accountant Verification or BAS Statements or Business Bank Statements or a combination of above.
Maximum Loan amount $2.5 million
Purpose Residential – Purchase or Refinance or Investment
Security type Most metropolitan and major regional centres (post code specific – please ring or email to check).
General acceptable Security includes:
Zoning of a Residential nature that permits residential usage House or Unit (max Lvr on purchase 85%).
Residences with up to 2 dwellings on the one Title (eg: Duplex).
Apartments more than 50 sq m in size (excluding balconies).
For exceptions to above please ring or email as there could be lenders available
LVR Low Doc – up to 85% LVR on purchases and 80% on refinances.
Credit Related Issues Paid or unpaid defaults registered over 24 months and judgements accepted. Minor Defaults up to $1,000 ignored.Can be discharged Bankrupts
Where the reason is Impaired Credit‚ a detailed account of how and when the impairments occurred; as well as an explanation on how and why the event is no longer an ongoing concern with little likelihood of re-occurrence.
Variable, fixed or both Both
P&I, I/O, or both Both
Loan Term 1 to 30 years



Online Application Form

Fill out our online application form now to find out how we can help