Self-employed Australians are a growing and diverse client segment, from business owners and tradies to contractors, consultants and gig economy workers. While many are well positioned financially, securing a home loan isn't always straightforward.
Income can vary from year to year, business structures can change and financial statements may not always reflect a client's current circumstances. As a result, some self-employed borrowers may find it difficult to meet traditional lending requirements, even when they have a strong borrowing profile.
With more than 2.2 million Australians working for themselves, now is a great time to reconnect with self-employed clients and understand whether their current lending arrangements still align with their needs. A client who wasn't ready to proceed six months ago may be in a very different position today.
Connective Elevate offers alt-doc lending solutions for eligible self-employed borrowers who may not meet traditional lending requirements. With flexible options designed to support a wider range of client circumstances, you can help more self-employed clients explore pathways to home ownership and investment.
For many self-employed Australians, the right lending solution starts with the right conversation. By proactively checking in with your clients, you may uncover opportunities to help them achieve their next property goal.
