Stronger Alt-Doc Submissions

Rather than being a higher-risk or last-resort option, alt-doc provides an alternative way to verify income while still applying appropriate credit assessment.

Across our Commercial Mid Doc and Quick Doc lending, we assess self-employed borrowers using alternative income verification methods that can better reflect how their business operates, including where income is earned through more complex company or trust structures.

For a stronger and more efficient alt-doc submission:

• Engage with the lender early to workshop the scenario and structure
• Clearly explain how the borrower generates their income
• Ensure the income verification provided aligns with how the business actually operates
• Provide complete disclosure and the right supporting information upfront
• Consider the sustainability of the borrower’s income and appropriateness of the proposed structure

For brokers, a strong alt-doc submission is about providing the right information, not less information.

Start with the structure

Your Connective Lending Manager or Connective Advance BDM can help you workshop the scenario early and identify the supporting information needed for a stronger submission.