Self Employed Home Loan

Advice and guidance to assist you with a home loan when you are self employed

There are unique challenges involved

When you are self-employed there are often more challenges to getting a home loan approved than if you are employed by an organisation. We often hear our self-employed clients say that it is easier for their staff to get a home loan!

The main reason is it hard to get a home loan approved when you are self-employed is because you need to find a mortgage broker who can interpret accounting as well as home loan policy.

Many businesses have complicated structures and move money around for tax purposes so to understand your income, we need to understand your tax returns, profit and loss and balance sheets. This then needs to be explained to the banks, who often themselves don’t understand a business’ finances. As you can no doubt see, this is far more complicated than simply getting the last months payslips from a client who is employed by an organisation!

Your business structure

When helping self-employed clients, the first step is for us to understand your business structure (sole trader, partnership, corporate trustee or a company) as different lenders are more appropriate for different structures.

Your business finances

Then we need to understand your business finances: all your liabilities like leases (i.e. car, machinery etc), one-off expenses, any business loans, overdrafts and other business debts like payment arrangements with the ATO. We also look at your financials to understand your profits, dividends, directors fees, depreciation and extra super contributions.

If you are currently employed but may go out on your own in the near future then please get in touch as we can discuss how best to structure your home loan right now to support your move.

Guidance on the best approach to getting your home loan when you are self-employed is one of the reasons people choose us to help them. We will guide you through from the start to a successful outcome.

We have long term relationships with all major lenders and with our expertise in banking policy, you can feel confident we have a good chance of getting your loan approved.

Best of all, we don’t charge you a fee to use our service as we are paid by the lender when your home loan settles.!

Top 5 tips for getting a home loan when you are self employed

Have an ABN for at least two years.

Do your tax returns on time so the information is easy to access when you go for a loan.

Usually, you need two years of tax returns to apply.

Use a different bank for both your personal and business loans / banking.

Set yourself up as an employee and pay yourself as an employee to give you reliable cash flow (avoid famine to feast).

Matthew Hahn
Matthew Hahn
2023-08-20
Highly recommend the team, we have had multiple dealings with them and it has always been easy. Jordan has been a pleasure to deal with.
Tarnie Hopf
Tarnie Hopf
2023-08-09
Highly recommend Kelston Capital for all your property needs. Incredibly professional to deal with, communication was above and beyond (thanks Matt), and by far the most efficient team that we have dealt with. A BIG shout out to Jordan, Matt, Sanjeena & Lilli for all of their hard work. Nothing was too difficult for these guys to manage. 10/10! Thank you for helping us secure our new home! Tarnie & Justin
Luke Ebneter
Luke Ebneter
2023-08-08
Having to work closely with lenders to have our overseas income recognised by the lender, the team at Kelston Capital, in particular Matt, put in an amazing amount to get our development loans approved. Matt's constant communication and refusal to take no for an answer was exactly what we needed.
Alexander Hurcombe
Alexander Hurcombe
2023-07-24
Kelston Capital provided fantastic service with easy to understand guidance and prompt and friendly responses. Couldn't recommend more highly!
Abby Coote
Abby Coote
2023-07-04
I highly recommend using these guys. Jackson & Sanjeena were amazing to deal with. They were super helpful and got back to me straight away with any questions I had. They made it very easy to do business with and they exceeded my expectations. They not only emailed back straight away but made the effort to ring me and explain things verbally. I will definitely be using them again in the future, they made the whole process super easy :)
Isaac Miller
Isaac Miller
2023-06-29
Jackson was fantastic to deal with, responded quickly and saved me 1% interest on my excising home loan. Would recommend highly to anyone. Couldn’t of asked for better service
Robyn Finau
Robyn Finau
2023-06-02
Great service from the team at Kelston! Thanks Jackson & Sanjeena for all your support. A+++!
Anthony Dunk
Anthony Dunk
2023-04-26
Great brokers for re-financing your home loan. Very professional and responsive. Highly recommended!
Kerry Paul
Kerry Paul
2023-03-31
What a fantastic team to have by my side. Jordan, Jackson, and Sanjeena, I can't thank you enough. Very professional and helpful throughout the whole process 👏, guiding me seamlessly through every step of the way. I thoroughly recommend Kelston Capital to all, and I look forward to the next project. Cheers legends 🙌
Danial Ibrahim
Danial Ibrahim
2023-03-30
Can not highly recommend these guys enough. They have made every experience smooth sailing.