- financial@xin.com.au
- | 502 / 80 Mount St. North Sydney NSW 2060
- Call us on 1800 417 740
About the Client
The clients are a professional couple earning $150,000 p.a. each. Despite the male client holding a 25% shareholding in a start-up currently operating at a loss, servicing was assessed solely on PAYG income and historical superannuation contributions, with no reliance on company financials, resulting in a streamlined assessment.
What made this deal stand out?
Increasing borrowing capacity by not relying on company financials to evidence income, as company ownership is under 25%.
Any challenges overcome or unique wins worth sharing?
Despite involvement in a loss-making start-up, the loan was approved efficiently by relying solely on PAYG income and historical super contributions, with no company financials required due to sub-25% ownership—where other lenders may have declined.
About the Client
The clients are a couple seeking to purchase an investment property of approximately $900,000 under their SMSF. The male client is employed on a PAYG basis with an annual income of $166,666, while the female client is a housewife. Their current superannuation balance is approximately $440,000. This purchase will be made through their SMSF as part of their long-term investment strategy.
What made this deal stand out?
Any challenges overcome or unique wins worth sharing?
About the Client
The client is a single female PAYG employee earning approximately $170,000 per annum. She recently applied for an SMSF loan to purchase an investment property valued at around $700,000, aiming to grow her investment portfolio through her self-managed super fund.
What made this deal stand out?
Leveraging SMSF’s additional super contribution policy boosted borrowing power, allowing a $700,000 SMSF property purchase.
Any challenges overcome or unique wins worth sharing?
An additional contribution policy—allowing 10% of gross income on top of the mandatory super—helped overcome borrowing limits, enabling the purchase of a $700,000 property where other lenders’ policies may have fallen short.
Mr B purchased a café in Melbourne four years ago and successfully grew it into a thriving business. With the business performing well, he and his wife decided to make an offer on their dream home in a highly sought-after school catchment area — subject to finance approval.
However, his FY24 financials had not yet been finalised by his accountant, making a traditional full-doc loan difficult within the required timeframe.
The Challenge
Without updated financial statements, many lenders would delay assessment or decline the application — putting the property purchase at risk
Our Solution
XIN Financial structured an alternative documentation (Alt Doc) loan by:
Mr T, a seasoned systems engineer, runs his own successful engineering business. He wanted to move his family into a larger home in a more convenient location while continuing to expand his business.
However, traditional lenders required two years of financial statements, and he needed a high loan amount to secure a property in his preferred area.
The Challenge
Without two years of full financials, many banks would have declined or delayed the loan. Achieving a $4.5M home loan with limited documentation posed a significant challenge.
Our Solution
XIN Financial worked closely with Mr T to provide:
David is an international student on a Subclass 500 visa who wanted to purchase a home instead of continuing to rent amid rising rental costs. He has no personal income in Australia, as he is fully supported by his parents overseas.
Most lenders require Australian income for servicing, making this application more complex.
We structured the loan by assessing his parents’ stable overseas income and presenting the file in line with lender policy.
With the right structuring, property ownership was made possible.
Mr L, a self-employed financial consultant, moved to the UK three years ago. While living abroad, he identified an apartment in Sydney he wanted to purchase as an investment.
Due to high demand for the property, he needed fast financing. However, providing traditional bank-required financial statements within the necessary timeframe was challenging.
The Challenge
Traditional lenders often require full local income documentation, creating delays or potential declines for non-resident borrowers like Mr L.
Our Solution
XIN Financial provided an alternative documentation (Alt Doc) solution by:
P: 1800 417 740
E: financial@xin.com.au
Address: Suite 502, 80 Mount Street North Sydney NSW 2060, Australia
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