Non-Bank First Mortgage for Self-Employed Borrowers
Non-Bank First Mortgage for Self-Employed Borrowers. Fast private lender funding in 24-72 hours. Metro locations, 50% LVR = rates from 8%.
18 January 20263 min read
Non-Bank First Mortgage for Self-Employed Borrowers
Banks said no? Banks too slow? Private lenders offer a different approach — asset-focused assessment, pragmatic criteria, and fast decisions.
Who This Is For
- Self-employed borrowers with complex financials
- Those with credit impairment or arrears
- Borrowers who banks have declined
- Anyone needing pragmatic assessment over strict criteria
How It Works
Speed Comparison
| Lender Type | Approval | Settlement |
|---|---|---|
| Major Banks | 4-8 weeks | 2-4 weeks |
| Private Lenders | 24-48 hrs | 24-72 hrs |
What You Need
Essential:
- Property in metro location
- Clear exit strategy
- Basic ID and entity documents
For Best Rates (8-12% p.a.):
- 50% LVR or below
- Sydney/Melbourne/Brisbane metro
- Standard property type
- Clear, simple situation
Typical Scenarios
Self-Employed Borrower
Banks want 2 years of clean financials you don't have? Private lenders focus on the property and exit, not your tax returns.
Credit Issues
Defaults, arrears, or impairment on your credit file? Private lenders can still consider your application — the property is the security.
Bank Declined
Bank said no for reasons that seem unreasonable? Private lenders take a pragmatic, common-sense approach.
The Process
Step 1: Submit Your Scenario
Tell us what you need, why, and your timeline. Takes 5 minutes.
Step 2: Get Matched
We connect you with lenders who fund your situation. Usually within hours.
Step 3: Receive Offers
Compare rates, terms, and settlement timeframes. Most borrowers get offers same day.
Step 4: Settle Fast
Accept an offer, complete documentation, settle in 24-72 hours.
Rates and Costs
| LVR | Typical Rate |
|---|---|
| 50% or less | 8-12% p.a. |
| 50-65% | 10-14% p.a. |
| 65-75% | 12-16% p.a. |
Other costs:
- Establishment fee: 1-3%
- Legal/valuation: ~$2,000-$5,000
What Makes Approval Faster
Your Checklist
☐ Metro property location
☐ Clear title
☐ Exit strategy documented
☐ ID and entity docs ready
☐ Solicitor on standby
☐ Available to respond quickly
Get Started
If you need fast first mortgage funding, submit your scenario and get matched with verified private lenders.
Important: Metro Locations Only
Our lenders fund metro properties in Sydney, Melbourne, Brisbane, Perth, and Adelaide only.
50% LVR = best rates from 8% p.a.
Topics covered:
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