Specialist Lending for Self-Employed Mechanics
Home Loans for Self-Employed Mechanics — Don't Let the Banks Stall Your Plans
You keep vehicles on the road every day. But when you apply for a home loan, banks don't understand workshop income, parts expenses, and the cash-heavy nature of your business. We specialise in getting mechanics approved.
No full tax returns needed
BAS, bank statements, or accountant letter
40+ lenders
Including specialist non-bank lenders
Built for mechanics
We understand your income structure
Why mechanics get knocked back by the banks
It's not that you can't afford a home loan. It's that the banks don't understand how your income works. Here's what we see all the time:
High parts and equipment costs reduce taxable income
Buying parts, tools, diagnostic equipment, and workshop supplies are essential business costs — but they shrink your income on paper dramatically.
Cash and EFTPOS mix makes income hard to verify
Many mechanics handle a mix of cash, card, and account payments. Banks want clean, consistent deposits — your reality is more complex.
Workshop lease and overhead expenses
Rent, utilities, insurance, and employee wages are significant costs that reduce your net income on tax returns, even when the business is profitable.
Seasonal fluctuations in work volume
Holiday periods, weather changes, and economic conditions affect workshop traffic. Banks see dips in income and get nervous.
How we get mechanics approved
We know which lenders work with self-employed mechanics and exactly how to present your application for the best chance of approval.
BAS-Based Lending
Your BAS shows total business turnover including all payment types. We use this to demonstrate real income to lenders who accept BAS as primary evidence.
Bank Statement Assessment
Lenders review 3–6 months of business deposits. If your workshop has consistent cash flow, this can be a strong pathway to approval.
Accountant Declaration
Your accountant confirms your income with a simple letter. This bypasses the need for full financial statements when they don't reflect your true earnings.
Add-Back Strategies for Workshop Owners
Depreciation on equipment, one-off tool purchases, and vehicle costs can be added back with the right lender to boost your borrowing capacity.
Common scenarios we help mechanics with
Buying your first home while running a workshop
Upgrading to a larger home for your family
Purchasing an investment property
Refinancing after buying into or starting a workshop
Buying a property with a garage or workshop space
Consolidating business debt with your mortgage
30+ years helping self-employed Australians get approved
Chris Brown, Managing Director of New Vision Financial Services, has spent over three decades in banking and finance. He understands the frustration of being told "no" by a bank when you know you can afford the repayments. That's why New Vision specialises in finding the right lender for self-employed borrowers.
We don't just submit your application and hope for the best. We strategically match your income profile with lenders who understand self-employed income — and we present your application in the strongest possible light.
40+
Lenders on panel
30+
Years experience
FBAA
Fully accredited
Australia
Wide service area
FAQs for self-employed mechanics
I own a workshop with employees — does that help or hurt my application?+
It can help. A workshop with employees shows an established business. We present this positively to lenders and use your business financials strategically.
My tax return shows barely any profit after expenses — can I still borrow?+
Yes. Low doc and alt doc options look beyond your tax return. BAS statements, bank deposits, and accountant letters can demonstrate your real income.
Can I include income from mobile mechanic work?+
Absolutely. Whether you run a fixed workshop or mobile service, we consolidate all income streams and present them to the right lender.
How much deposit do I need?+
Low doc loans typically require 20% deposit. Full doc options may allow 10% or less. We'll assess your situation and find the best pathway.
I recently bought a workshop — will that affect my home loan?+
It depends on how the purchase was financed. We'll review your overall financial position and structure the application to account for existing business debt.
Still have questions?
Book a free, no-obligation consultation and we'll walk you through your options.
Other self-employed loan guides
We specialise in home loans for self-employed Australians across every industry.
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