ALT DOC LENDING
Income is real. The paperwork doesn't fit.
Alternative documentation lending for self-employed borrowers and business owners who cannot satisfy standard bank income verification requirements.
WHAT IT IS AND WHO IT'S FOR
Structured for how self-employed borrowers actually operate.
Standard bank lending is built around PAYG income, clean, predictable, easy to verify. Self-employed borrowers, business owners, and operators with complex income structures rarely fit that model, even when their commercial position is strong.
Alt Doc lending is structured around what can be evidenced - business bank statements, accountant declarations, BAS statements - rather than what the tax return shows in any given year. Altura assesses the commercial reality.
WHEN TO USE THIS STRUCTURE
This structure may be appropriate when:
The borrower is self-employed and cannot provide two years of tax returns that accurately reflect current income capacity.
The business has strong cash flow evidenced through bank statements, but recent financials have been affected by timing, restructure, or discretionary expenses.
Standard bank cutoff timelines, requiring returns earlier than the legal deadline and have created a lending gap during an active transaction.
The borrower holds significant assets and operates a profitable business, but income documentation does not reflect the full commercial picture.
HOW WE STRUCTURE
How this structure has been applied
Each deal is assessed on its own structure. The parameters below provide a general framework. Actual terms are determined by the scenario, security, and borrower profile.
MAX LVR
Up to 80%
LOAN TERM
30 years
INCOME VERIFICATION
-
BAS• Bank Statements • Accountant Declaration
ACCEPTABLE SECURTIY
​Residential • Commercial •
Mixed-use
DEAL SHOWCASE
How this structure has been applied
The deals below are real transactions structured and settled by Altura. Details are anonymised.
ALT DOC · TOM, NSW
$1.35M
Self-employed borrower with multiple bank knockbacks. Standard income verification policies prevented approval through conventional channels.
Alt doc assessment based on actual financial position rather than standard policy requirements.
Loan secured quickly with significantly less friction than previous attempts.
ALT DOC · MARGARET & PETER, VIC
$980K
Complex income structure across multiple entities, combined with timing pressure on the transaction.
Tailored solution accommodating complex income and entity structures without unnecessary conditions or delays.
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Settled within required timeframe. Borrowers noted the professionalism and execution quality.
KEY CONSIDERATIONS
What brokers and borrowers ask most
How does Altura verify income without standard tax returns?
Through one form of verification, we assess income through a combination of BAS statements, business bank statements, and accountant declarations.
The approach depends on the borrower's structure and what can be evidenced with confidence. We do not submit a loan unless we are satisfied the income position is sound.
Are Alt Doc rates higher than standard bank rates?
Yes. Alt Doc facilities carry a rate premium relative to standard bank lending, which reflects the documentation flexibility and the complexity of the assessment. Borrowers choose this structure because the deal needs to proceed. Approval is the priority, not rate.
What is Altura's typical timeframe to assess and approve?
Turnaround depends on the complexity of the scenario and the completeness of documentation provided. Where a deal is well-prepared and within our policy, we move with intent. A transaction that may take six weeks through a standard bank can often be assessed and settled in two.
Can referral partners submit Alt Doc scenarios directly?
Yes. Accredited introducers can submit scenarios directly through the Scenario Desk. We assess the deal, confirm our position, and work with the partner through to settlement. Our submission confidence rate is 99%, we only proceed when we are confident the deal can settle.