We were recently referred a client, who had been denied a loan on multiple occasions with another broker. We were able to assist this client in completing the necessary financial paperwork in order to access the funds they required.
This client, who was referred to Launch Finance by the property agent, had been dealing with another mortgage broker at the time and had had their loan application denied 3 times, by 3 different lenders. All lenders were asking for a 15% deposit from our client because they were self-employed.
Upon closer inspection at the client’s paperwork and MYOB business records, we realised that they had not yet completed their 2014 Income Tax Return and, once this was completed and submitted to the ATO, the client would easily be able to service the loan on their 2014 figures.
Using our wide network of affiliate providers, we were able to enlist an accountant to assist this client in submitting their 2014 tax return and then subsequently had the loan that they required approved within 2 days.