Meet Steve...

Steve*, is a truck driver and setup his own business 12 months ago and is looking to get on the property ladder as soon as possible. 

Guy smiles while working on his truck business



  • Steve, 26, is a truck driver and setup his own business 12 months ago. 
  • His ABN was registered 6 months ago, and he applied for GST registration at the same time. 
  • Steve told his broker he banked his earnings into his business account and had also lodged quarterly BAS statements with help from his accountant.


Their current situation

  • Steve recently came into an inheritance. He had already started saving for his own home, but now with this inheritance he felt he had sufficient funds to purchase. He wanted to enter the property market as soon as possible
  • His income averages approximately $2,200 per week. He has an additional $10,000 in savings as well as $55,000 from the inheritance. 
  • He owns a truck (valued at $45,000 with $25,000 remaining on its lease).


Real life solution

  • Steve was able to apply for a home loan with a Specialist Alt Doc application.
  • After providing a declaration of his financial position and 1 month’s business bank statements, Steve was able to choose from 3 methods to verify his income.
    - 6 months business bank statements (inclusive of last 1 month)
    - 6 months BAS
    - Pepper Money accountants letter.




Broker submits scenario of client to non-bank lender

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* Fictional scenario. These case studies are based on real-life examples, are not testimonials and have been provided for educational purposes only. They are not intended to imply any recommendation about any financial product(s) or constitute tax advice. If you require financial or tax advice you should consult a licensed financial or tax adviser. Outcomes will vary depending on the applicant’s individual circumstances. Applications are subject to credit assessment, eligibility criteria and lending limits. Terms, conditions, fees and charges apply.

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