Obtaining commercial and home funding has traditionally been difficult for both expats and the self-employed. Lenders often class expats as non-standard borrowers. The self-employed can sometimes struggle to show a stable income and continuity of employment. In both cases, lenders may require borrowers to provide a higher deposit or meet more stringent proof of income requirements.
At Stapleton Finance I have focused our expertise on helping the self-employed and expats who are looking for commercial and home financing. It’s an interesting space to work in as a finance broker, but it’s also an important one. 16.86% of the workforce in Australia is self-employed (over 2 million Australians) and there are estimated to be over 1 million Australians currently living overseas, with that number estimated to increase to 1.35 million by 2030.
I didn’t fall into those areas through the luck of the draw. I chose to focus Stapleton Finance’s niche in these segments due to the culmination of a series of life events. These events took me on an incredible career journey through the South Pacific and back again. This journey drove my passion and gave me an opportunity to bring clarity to my work’s focus.
I was immensely grateful to be able to talk about these issues (and more) on the Elite Broker podcast. Annie Kane, the host, is the editor of The Adviser where she writes about the Australian broking industry, fintechs and the wider lending landscape. It was a true pleasure to speak with her.
LongView Buying Boost helps you get on the property ladder by ‘boosting’ your equity and helping you through the buying process. Here’s how! The ‘great Australian dream’ has long been for every Australian family to own their own home. But unfortunately it’s not always as simple today as it may have been 20, 30 or […]Read More
Does buying your first home feel like an impossible dream? Given the current state of the market and the cost-of-living crisis, it’s not surprising that many aspiring first home buyers feel like their first property is out of reach. Fortunately, the Australian Government has offered new hope to those who wish to purchase their first […]Read More
Higher education is an integral part of Australian society and culture. In fact, it’s often viewed as the basis for innovation and discovery in our country. Because of this, the federal government is committed to supporting Australians to gain a tertiary education. And part of the way they do this is through the Higher Education […]Read More