What is an alt doc home loan and how can it help me?
An alt documentation loan (alt doc) or a low documentation loan (low doc) are mortgages that can be taken out using different sorts of paperwork to the kind needed for a full documentation (full doc) loan. Self-employed borrowers, who can find it difficult to provide standard documentation as proof of their income, often use these sorts of alternative loans. The low down on alt doc loans Once upon a time, a ‘low doc’ loan was just that: a mortgage that could be taken out usin
