Specialist Home Loans
Flexible lending solutions when the banks say no
Not every borrower fits neatly into the lending criteria of the major banks — and that’s okay. Specialist home loans are designed for borrowers with circumstances that fall outside the standard “prime” lending category. Whether you're self-employed without the latest tax returns, have irregular income, or are rebuilding after credit challenges, being declined by a bank doesn’t need to stop your property plans.
Specialist lenders take a more flexible and personalised approach. They may accept alternative income verification such as BAS statements, accountant declarations, business bank statements, or financial projections — making these loans ideal for:
Small business owners
Contractors and freelancers
Company directors
Borrowers with past credit issues
At My Finance Consultants, we understand how to present your situation in the strongest way, match you with lenders who can help, and negotiate terms that align with your goals.
Why consider a specialist or non-bank lender?
Being turned down by a major bank happens more often than people realise. Non-bank lenders assess applications case-by-case, not strictly by automated scoring. Your situation is reviewed by a real underwriter, not just a computer algorithm.
This means lenders will consider factors like:
Why the credit issue or setback occurred
Your current income and repayment capacity
Your savings or equity position
Stability of your business or income sources
The property type and location
If your application aligns with their credit criteria, approval is still possible, even when a bank says no.
When a specialist home loan may be suitable
You may benefit from a specialist lending solution if:
You have strong income, but not much deposit
Your deposit is a gift or inheritance, not “genuine savings”
Your business has an outstanding ATO debt
You receive irregular income as a business owner or contractor
Your financials aren’t ready at the time of application
You have recently become self-employed
You’ve minimised taxable profit for tax planning purposes
You have late payments, defaults, judgements, or discharged bankruptcy
You need to consolidate multiple debts
You are nearing retirement, and banks are cautious
We specialise in presenting scenarios like these clearly and professionally — so the lender can see the full picture.
How income can be verified with a specialist lender
Instead of requiring full tax returns, lenders may accept:
6–12 months BAS statements
6–12 months business bank statements
Self-employed income declaration
Accountant’s income verification letter
Profit & loss statements or interim financials
We coordinate these documents with your accountant and present them in the lender’s preferred format, making the process streamlined.
What to expect with specialist loans
Interest rates may be 1%–3% higher based on risk and loan-to-value ratio
There may be a risk fee (typically 1%–1.5%) which can often be capitalised into the loan
Some lenders may request a quick verification call with you or your accountant
Property location and LVR limits may apply
Important: This is often a strategic short-term solution, not a lifetime loan.
Can I refinance out of a specialist loan in the future?
Yes — and most clients do.
You can refinance to a standard bank loan when:
Your loan conduct is clean
Your credit report improves
Your income meets normal bank requirements
We actively plan and monitor your refinance pathway so you’re not paying specialist rates longer than necessary.
FAQs
Who provides specialist home loans?
Mostly non-bank lenders and specialised mortgage providers we work with every day.
What can a specialist loan be used for?
Home purchase, refinancing, renovations, investments, or consolidating debt.
Does this affect my parents or guarantor?
No — unless a family guarantee is also involved.
Will this impact my credit score?
We minimise enquiries by matching you to the correct lender before applying.