Consultants and Contractors

Not always. Some lenders may consider a shorter ABN or company history where the applicant has relevant industry experience, continuing contract income and a sound overall financial position. The available options depend on the type of finance, income evidence and lender policy.

Lenders may assess income over a longer period rather than relying on an individual month. Their approach can differ depending on whether you operate as a sole trader, company or contractor. We present your historical earnings, current contracts and business position clearly so the lender can assess the sustainability of your income.

A current contract or letter of engagement may support an application by demonstrating the nature, term and value of your work. However, lenders may also require historical income evidence, financial statements, tax returns or bank statements. We confirm the relevant requirements before preparing the application.

Yes. Income from multiple clients may be considered where it can be properly evidenced and demonstrates a sustainable consulting or contracting business. We help present the combined income position clearly, including the duration and consistency of client engagements.

Lender policies vary significantly. Some assess consultant and contractor income in a similar way to salaried employment, while others rely more heavily on business financials and tax returns. We compare major banks, second-tier lenders and specialist non-bank lenders to identify options suited to your structure and income history.

Yes. We assist consultants and contractors with residential lending, investment loans, commercial property finance, business lending, equipment finance and refinancing. Where personal and business borrowing overlap, we consider the overall structure rather than assessing each facility in isolation.

In most cases, we do not charge you a separate broker fee, as we receive commission from the lender when your finance settles. If a fee applies to your particular transaction, we will disclose and agree it with you before proceeding.

A decline from one lender does not necessarily mean every lender will reach the same decision because income-assessment and credit policies vary. However, a decline may also identify concerns relating to serviceability, documentation, credit history or the proposed structure. We review the reason for the decision before determining whether another lender or finance structure may be appropriate.

Yes. We check in periodically to see whether your current rate, structure and features still suit your business and lifestyle. We also flag potential refinancing opportunities as they arise.