Up until a few years ago, banks made it very difficult for the self-employed to obtain a mortgage.
In recent years, non-bank lending institutions have entered the New Zealand market, and are happy to lend to self-employed people. This led to the main banks having to loosen the strict criteria they applied to self-employed customers.
Even so, I still hear regularly from people whose bank turned them down for a mortgage because they don't have their financial statements prepared, or their business hasn't been going long enough, to name just two reasons.
It is important to target the correct bank for your own situation, and we also know how to present your mortgage application in a way that maximises your chances of approval.
If you are self-employed and want a mortgage for any reason, make life easy and talk to me first. I have a wide range of bank and non-bank options for the self-employed, and I can target the right lender for your circumstances, to get you the right answer.