No Doc

No Doc mortgages are available to self employed borrowers and investors that are not able to provide the evidence of income required for a Full Doc loan. Typically with a no doc loan the borrower ‘self certifies’ that they are able to afford the loan. The Lender does not usually assess the Borrower’s ability to repay, as such the maximum Loan to Value Ratio (LVR) is less than that available on Full Doc or Lo Doc loans, typically 65%. A No Doc loan is typically only available to investors or self employed borrowers for investment purposes, however security may not be by way of the family home. No Doc mortgage products are available on a more traditional term loan basis. By clicking on the icon below you will find out what the benefits are of that specific product which will help to determine the right one for your needs.

Make an appointment to see an Iden Money Loan Consultant.