Private first mortgages on BAS and bank statementsno full tax returns required
Private first mortgages in Australia: typically $250k to $50m+ at 65–75%, over 6–36 months, settling in 5–15 days once security and entity documents are in hand. A first mortgage from a private or non-bank lender, used when speed, structure, credit history or documentation call for an alternative to the banks.
- Clear alt-doc document checklistWhat we bring
- Accountant's letter acceptedWhat we bring
- Genuinely assessed on current tradingWhat we bring
Indicative terms in three minutes
Business-purpose and investment finance only. No credit check at this stage.
“I'll never qualify without full financials”
We hear this constantly. The honest answer is that it depends on security, exit and documentation — which is exactly what the enquiry form asks — and that the lenders on our panel — banks, private lenders and specialist funds alike — price those three things, not the label on the borrower.
“Low doc sounds like a red flag” — a fair concern, and one we address in writing before any application is lodged.
“The rate will be much higher” — a fair concern, and one we address in writing before any application is lodged.
Typical pain points: Tax returns don't reflect this year; Accountant's add-backs aren't recognised; Income looks lower on paper; Bank wants two years of returns. What we bring: clear alt-doc document checklist, accountant's letter accepted, genuinely assessed on current trading.
How we work.
From the first call to the final drawdown, each step is led by a principal — not a queue.
Tell us the scenario
Purpose, amount, security and timeframe — the qualifier takes about three minutes and every answer maps to how our lender panel assesses private first mortgages.
Indicative terms
A specialist reviews the scenario and comes back with an indicative structure, pricing range and the documents needed. Urgent scenarios get a call within minutes during business hours.
Credit and valuation
The lender assesses security, entity and exit. For private first mortgages this is typically 5–15 days end to end.
Settlement
Solicitors settle, funds are released, and the deal is tracked to its exit in our CRM so refinancing or the next facility is ready before the term ends.
Questions we are asked.
Can I get a loan if my tax returns are out of date?
Yes, low-doc facilities are built for exactly this situation, using BAS, business bank statements or an accountant's letter in place of lodged returns. Lenders assess current trading rather than requiring financials that lag a year or two behind the business.
What documents replace tax returns in a low-doc application?
Typically twelve months of BAS, six to twelve months of business bank statements, or a signed accountant's letter confirming income, depending on the lender. We confirm the exact combination a given lender will accept before you start collecting documents. Having these ready before you apply speeds up the whole process.
Will add-backs from my accountant be recognised?
Often, yes, where they're reasonable and can be substantiated — items like one-off expenses or non-cash deductions are commonly added back to reflect true trading income. How much weight a lender gives them varies, so we match the file to lenders who take a sensible view.
Is low-doc lending only for property-secured loans?
No, low-doc principles apply across secured and unsecured facilities, though the maximum amount and pricing are generally more attractive where property security is offered. Unsecured low-doc facilities exist for smaller amounts based on trading evidence alone. The right fit depends on the amount needed and what you can offer as security.
Will a low-doc loan cost significantly more than a full-doc one?
Pricing is generally a little higher to reflect the reduced documentation, but the gap is often smaller than expected, particularly where the trading evidence is strong. We quote on enquiry once a lender has reviewed the actual file. A clear, well-documented trading picture generally narrows that gap further.
How far behind can my tax returns be?
There's no fixed cut-off — lenders care more about current, verifiable trading than the age of the last lodged return. Businesses one, two or more years behind on lodgement have been funded on this basis, provided BAS or bank statements tell a consistent story.
How fast can private first mortgages settle?
Typically 5–15 days from a complete application, depending on valuation, legal and lender workload. Speed depends on how quickly security and entity documents are available.
How much can I borrow with private first mortgages?
Our panel typically funds from $250,000 to $50,000,000+, at 65–75%. Larger or more complex facilities are structured case by case across banks, private lenders and specialist funds.
What security is needed?
First registered mortgage. The stronger and more liquid the security, the sharper the pricing.
Is this a consumer loan?
No. Solara arranges business-purpose and investment-purpose finance only. If your purpose is personal or for owner-occupied housing, this product is not suitable and we will say so.
Not quite the right product? Every loan type we arrange.
Most scenarios can be structured more than one way. Browse the alternatives, or tell us the situation and we'll recommend the structure.