Post # 1

Member
60 posts
Worker bee
So I’m looking at buying a house with SO – only problem is, he’s a sole trader (osteopath). The loan problem is a lot more complicated than it would be usually. He’s been working for about 18 months now, and has over a year of BAS and tax statements. I’ve been working full time for 3 years.
Has anyone else bought a house as a sole trader? We are looking into talking with a broker, but I just don’t know what they’ll want/what we should be expecting. I’ve tried researching online about low doc loans, but it all seems confusing and every site seems to say ‘sign up your email to our newsletter and THEN we will give you more information’.
Any advice? Did you struggle to find a bank? What banks are best for low doc loans?I’m in Australia btw. Thanks bees?
Post # 4

Member
997 posts
Busy bee
Well, I do not have any advice specific to your situation; however, my husband’s employment situation was complicated (due to opening a new location and him being promoted to run that location), so it ended up being eaiser putting the mortgage in just my name. Not sure if that is something that will work for you or not, but just a suggestion.
Good luck!!
Post # 5

Member
10355 posts
Sugar Beekeeper
It might be worth posting this in the International section. I know there are a few other Aussie bees, but not that many – they might have a better chance of seeing this there? Or if “Australia bees” or something is in the title? From what I understand, there are some pretty significant differences in terminology and process there vs the US, where most Bees are located. For example, “sole trader” is not a term used here.