Last week an application for a long term self-employed borrower with clean credit, a strong deposit and very good bank account conduct was presented to one of our specialist lenders. They did not require GST returns as the applicant was not in a GST registered profession.
They approved a $450,000 mortgage over a residential property being purchased for $650,000 (RV at $640,000 = 70.31% LVR) using the new No Financials 75 product.
The loan was approved 9 October and will settle on 16 October.
