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No BAS Self-Employed

Home Loan for Self-Employed Without BAS History

Mortgagefy Broker Team · Published · Last reviewed

Just gone self-employed and no BAS yet because turnover under $75K? Some lenders work with bank statements alone. Mortgagefy knows which.

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Who this guide is for

Newer self-employed Australians without BAS history yet — typically sole traders earning under the GST threshold, or just into their first year of business.

The local picture

Most self-employed lending requires BAS history. Without BAS, options narrow. Some specialist lenders accept 6-12 months' bank statements showing consistent business income, but documentation is more complex.

How Mortgagefy helps locally

Mortgagefy works with specialist lenders that accept no-BAS scenarios. We document business income through bank statements, invoices, and accountant letters where appropriate.

Free advice.

How it works — 4 simple steps

1

Free no-BAS chat

20-minute call about your self-employment and target home.

2

Compare specialist lenders

We identify lenders accepting no-BAS scenarios.

3

Documentation strategy

We package bank statements, invoices, accountant letters as needed.

4

Settle your home

You move in with no-BAS structure in place.

Frequently asked questions

I'm sole trader earning under $75K. Can I still get a home loan?

Yes — through specialist lenders accepting bank statement-based income verification. With 6-12 months of consistent business deposits, options exist.

How much deposit will I need without BAS?

Specialist no-BAS lenders typically want 25-30% deposit. Higher than full-doc due to limited income verification.

Should I register for GST early to build BAS history?

Generally no — GST registration when not required adds compliance cost. Better to use specialist no-BAS lenders or wait until natural GST registration.

What documentation works in lieu of BAS?

12 months business bank statements showing consistent deposits. Invoices issued. Accountant's letter confirming income. Personal tax return if filed.

How long until I can refinance to standard rates?

Once you have 2 years of BAS history (after registering for GST or reaching threshold), you can typically refinance to standard self-employed rates.

Talk to us about no-BAS home loans

Free 20-minute call about your sole trader situation.

Start Your Free Assessment Call 0432 634 648

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