LoDoc Loan and No Doc Loan

Are you self-employed?

Lo Doc loan and No Doc Loans are designed mainly for people who have some equity (or deposit) but who may have trouble showing evidence of their income levels. So if you are self employed or have irregular incomes, this might be the best option for you.

In the past lodoc loans had significantly higher interest rates than standard loans and therefore were generally only used as a lender of last resort. In recent years, the rates have moved down to the point where a number of lenders now offer these loans at standard interest rates.

Most lodoc lenders will allow a loan of up to 80% of the value of the property you provide as security however this may be higher in certain cases.

Financial Provider(s) :

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