While most mortgages require financial proof by the way of legally-approved documentation, this might not be agreeable to certain people. Those who are self-employed might not have the tax returns and payslips required to apply, while others might wish to retain their financial privacy. In either case, Selectabroker can help out thanks to our vast network of finance brokers. Send us an enquiry today if you wish to find out more about no doc home loans. We will then put you in touch with a local expert who can help you find a lender offering this type of mortgage option. Since no official documentation is required, these loans can be termed high risk by banks and other financial institutes. Thus, they typically require a larger deposit for the application to be approved. Another important consideration to make is that the interest rate tends to be higher than average with no doc finance. To help you avoid potential monetary pitfalls, our loan brokers will work hard to secure a reliable, affordable source of capital for your next property purchase. They can do this without the need for any sort of documentation as well, catering to your current situation and desires perfectly.
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