Self Employed
How does it work?
Whether you’ve just started working for yourself or have been running a business for years, there are lending options to suit your situation!
Mortgage Muster helps self-employed clients at every stage — from only having your ABN for one day, to well-established businesses with years of full financials.
We work with lenders who understand that income isn’t always straightforward and that good clients don’t always fit the same mould.
Any information on this website is of a general nature only and does not take into account your objectives, financial situation or needs. You should consider whether the information is appropriate to your circumstances before making any decisions. We recommend obtaining independent legal, financial, and tax advice where necessary.
the specifics
Step 1
We talk about your goals and business setup — sole trader, partnership, company, or trust.
First Chat
Step 2
Docs vary, but typically include:
ID: Licence or passport, Medicare
Income: Last 2 years’ tax returns (personal + business), BAS statements, financials (Not always required)
(P&L;, balance sheet), ABN/GST registration details
Liabilities: Business loans, leases, credit cards
If your business is newer or income irregular, we guide you to lenders who can consider alternative evidence.
Document Collection
Step 3
We identify lenders who understand self-employed income.
We compare options side-by-side so you see exactly what works best.
Loan Options
Step 4
Application Lodgement
We prepare and lodge the application, ensuring your income story is packaged clearly for the lender.
Step 5
Lenders assess your income history, business strength, and stability.
Valuation may add time. We manage the back-and-forth to keep things moving.
Lender Assessment
Step 6
Contracts are signed and settlement lined up with your solicitor/conveyancer.
Settlement
Beyond Settlement
Step 7
Ongoing
We stay in touch, reviewing your loan as your business grows and your needs change.
- Can I get a home or business loan if I’ve only just started working for myself?
Yes — some lenders will consider newly self-employed borrowers, even if you don’t yet have full tax returns. They may look at BAS statements, business invoices, self declarations or recent bank statements instead. I’ll explain which lenders offer these options and how we will present your application clearly.
- What if my income goes up and down each month?
That’s common for self-employed clients. Lenders usually review income over a longer period, using BAS or tax summaries to smooth out fluctuations. We’ll look at how your cash-flow pattern fits different lenders’ assessment methods so the loan still makes sense for you and them.
- Do I need full financials or tax returns to apply?
Not always. Some lenders offer “alt-doc” or “low-doc” options where you can use business bank statements or BAS data instead of full financials. For well-established businesses, standard “full-doc” loans may provide sharper/ lower interest rates — we’ll discuss both so you know what’s realistic.
- Can I use a company or trust to borrow?
Yes — many small-business owners borrow under a company or trust structure. Lenders just need to see how the business operates and who guarantees the loan. I’ll help you gather the right documents so it’s structured correctly and easy for the lender to understand.
- Do self-employed loans cost more or have higher rates?
Sometimes — it depends on how the lender verifies your income and the overall strength of your application. My job is to compare your options, find the most effective rate and explain any differences in rates or fees before you decide, so you can make a confident and informed choice.