Self Employed Mortgage Broker Northern Beaches – How We Helped Phil & Monique Secure Their Loan
- Aron Cardona
- Aug 27
- 5 min read
Being self-employed comes with freedom, flexibility, and the ability to build something of your own. But when it comes to getting a home loan, many self-employed borrowers in the Northern Beaches quickly discover that banks don’t always see things the same way. Unlike PAYG applicants who can simply show payslips, self-employed clients are often asked for years of tax returns, BAS statements, and extensive financials. And if those aren’t in perfect order? Loan declined.
That’s where working with a specialist self-employed mortgage broker in the Northern Beaches makes all the difference. At Mortgage Hub, we work with business owners, contractors, and freelancers every day to create lending strategies that actually work – even when traditional banks say “no.”
In this article, I’ll share a real client story, explain how self-employed lending works, and show you why having a broker who understands your world is so valuable.
A Real Client Story: Phil & Monique’s Loan Approval
Have you ever heard of getting a home loan approved with zero financials? It might sound impossible, but it’s something we do regularly for our self-employed clients. Here’s one recent example.
Phil and Monique came to us after purchasing an investment property. Like many self-employed borrowers, they hit a roadblock when their local lender wouldn’t approve their loan. Despite having a solid business and a clear repayment strategy, they couldn’t tick the bank’s rigid “full financials” box.
After a quick discovery call, we mapped out a lending strategy tailored to their situation. We shared this with Monique for review and followed up with a recommendation that made sense for their goals. The result? We managed to get their purchase approved.
But that wasn’t all. We also refinanced their existing owner-occupied debt with one of the major yellow-and-black banks. Surprisingly, the refinance moved them from a standard full-doc product to a low doc loan – and the rate was lower than what they’d been paying before.
All it took was an accountant’s letter. Two birds, one accountant letter.
The outcome? Very happy clients, and a very happy broker.
What is a Low Doc Loan?
If you’re self-employed, you’ve probably heard of low doc loans. These loans are designed for borrowers who can’t provide the full suite of tax returns and financial statements but can still demonstrate income in other ways.
Common forms of verification include:
Accountant’s letters
BAS statements
Business bank statements
In Phil and Monique’s case, all we needed was an accountant’s letter. No endless paperwork. No waiting on ATO assessments. Just a simple solution that worked.
Why Self-Employed Clients Struggle With Banks
Banks like neat, predictable income. Self-employed income? Not so much. Business owners often:
Reinvest profits back into their business
Structure income for tax effectiveness
Experience fluctuations in cash flow
On paper, this can make your income look lower than it really is – and that’s where the banks get nervous. They want tax returns that show consistent, stable earnings. But for many business owners, that simply doesn’t reflect the reality of their financial position.
This is exactly why self-employed clients in the Northern Beaches (and across Australia) need a mortgage broker who knows the policies, the lenders, and the workarounds.
Why Work With a Self-Employed Mortgage Broker in the Northern Beaches?
Here’s the truth: not all brokers specialise in self-employed lending. Many will still try to force your situation into a standard PAYG-style application. That’s where deals fall over.
A specialist self-employed mortgage broker (like us at Mortgage Hub) will:
Understand business structures – whether you’re a sole trader, partnership, or company director.
Know which lenders are flexible – not all banks require two years of tax returns.
Create tailored strategies – like using an accountant’s letter, BAS, or bank statements instead of tax returns.
Negotiate better outcomes – including sharper rates, even on low doc products.
For business owners in the Northern Beaches, having a broker who understands your world can save you time, stress, and thousands of dollars in interest.
The Mortgage Hub Approach
At Mortgage Hub, we don’t just submit applications and hope for the best. We:
Start with a strategy session – We want to understand your goals, income, and business setup.
Map out lender options – Based on your documents, we’ll show you which lenders are realistic.
Structure the deal for success – This might mean refinancing existing debt, using equity, or choosing a low doc loan.
Manage the entire process – From application to settlement, we liaise with lenders, solicitors, and accountants so you don’t have to.
For Phil and Monique, that process meant not just securing an investment loan, but also lowering their rate on their home loan. A win on both sides.
How to Improve Your Chances of Loan Approval When Self-Employed
If you’re planning to buy or refinance, here are a few tips:
Get your accountant involved early – An accountant’s letter can often be the simplest solution.
Prepare BAS or bank statements – Even if you don’t need them, they can support your case.
Keep business and personal accounts separate – This makes your cash flow clearer.
Work with a broker who gets it – Don’t waste time with banks that don’t understand self-employed income.
Why Northern Beaches Business Owners Choose Us
Living and working on the Northern Beaches is unique – lots of tradies, small business owners, and entrepreneurs who value lifestyle as much as income. But that lifestyle can be hard to fund when lenders don’t see the full picture.
That’s why so many locals come to us. We’re based right here, we understand the self-employed community, and we know which lenders will back your goals. Whether you’re a builder in Dee Why, a café owner in Manly, or a freelancer working from home in Narrabeen – we’ve got the experience and lender network to make your loan happen.
Final Thoughts
Phil and Monique’s story is proof that the right strategy makes all the difference. With just an accountant’s letter, we helped them buy an investment property and refinance their home loan at a lower rate. That’s the power of using a specialist self-employed mortgage broker in the Northern Beaches.
If you’re self-employed and planning your next move, don’t let the banks hold you back. There’s usually a simple solution – you just need the right strategy.
Ready to explore your options? Book a chat with Mortgage Hub today. As the leading self-employed mortgage broker in the Northern Beaches, we’ll help you:
Secure finance without endless paperwork
Access flexible low doc loan options
Get sharper rates, even as a business owner
You’ve worked hard to build your business – now let’s make sure your home loan works just as hard for you.