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Lease Doc Commercial

Lease Doc Commercial

The Lease Doc Commercial Loan is a flexible loan ideally suited for purchase, refinance or equity release with no income verification other than rental income derived from the security property. Suited to PAYG or Self Employed investors who are unable or unwilling to provide any form of income verification and want the security of a ‘set and forget’ loan without the need for annual reviews and line fees.

The Lease Doc Commercial Loan also offers no minimum Self Employment term.

Some product highlights include:

  • Maximum LVR 70%
  • Lease must have a minimum 24 months remaining and must be arms length
  • Gross rental income from security property must be able to service proposed debt at 1.5 times
  • Loan terms up to 20 years
  • No annual reviews or valuations
  • Redraw available (minimum $2,000)
  • Maximum loan amount $2m
  • LVR based upon Real Estate value only
  • Purchase or refinance of existing dwellings (no vacant land or construction)
  • Cash out acceptable
  • Minor defaults considered
  • Capital cities and major regional centres only

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Any advice on this website does not take into account your objectives, financial situation or needs and you should consider whether it is appropriate for you. Before making any decision in relation to a Better Choice product, you should read the relevant disclosure document. All rates and fees quoted in our products are indicative only and can change dependent on your personal circumstances. Conditions and fees apply.

Comparison rate is based on a loan of $150,000 principal over a 25 year term. The Comparison Rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees and cost savings such as fee waivers are not included in the comparison rate but may influence the cost of the loan.

Better Choice Home Loans Pty Ltd & Better Choice Commercial (a division of Better Choice Home Loans Pty Ltd) 2000- ABN 79 095 728 868 | Australian Credit Licence 378333