Can you get a mortgage without 3 months’ payslips in Australia?

Yes, it is possible to obtain a mortgage in Australia without three months' payslips by providing alternative documentation such as bank statements, tax returns, employer letters, or contract agreements to demonstrate income stability and financial health. These alternatives, along with strategies like improving your credit score or consulting with specialised lenders or mortgage brokers, can help strengthen your mortgage application despite the absence of traditional payslips.

When you apply for a mortgage in Australia, you usually have to provide three months’ worth of payslips to prove income stability and employment status. This documentation helps lenders assess your ability to repay the loan. However, you might be in a situation where you cannot meet this criteria, as you recently got a job, quit your job, or your fixed term job contract ended. In this article we will explore whether it's possible to secure a mortgage without those payslips, and what your alternatives might be.

Standard Documentation for Mortgage Applications

When applying for a mortgage, lenders generally require a set of standard documents, including payslips, bank statements, debts, assets, and proof of identity. The last 3 months' payslips are particularly important as they provide a clear, recent record of your income. They also verify your employment status, helping lenders evaluate the risk associated with lending to you.

Challenges of Not Having 3 Months' Payslips

Lacking three months' payslips can complicate the mortgage application process. Without them, lenders might see an increased risk, as they have less proof of your income continuity and financial stability. This absence can lead to difficulties in obtaining favourable loan terms, or in some cases, result in outright denial of the application.

Alternative Documentation and Solutions

If you cannot provide three months' payslips, there are other documents you can use to establish your financial stability:

  • Bank Statements: Detailed personal bank statements can show consistent income deposits and responsible financial management.
  • Tax Returns: Especially useful for the self-employed, tax returns can demonstrate annual income.
  • Employer Letters: A letter from your employer detailing your employment arrangement and income can serve as a substitute in some cases.
  • Contract Agreements: If you are on a contract, the agreement can be used to show the duration and terms of your employment, which helps in establishing income stability.

These documents can often be combined to strengthen your application, particularly if one document by itself doesn't provide enough information to satisfy lender requirements.

Special Circumstances

New Employment

For those who have recently started a new job and do not have three months' payslips from their current employer, providing an employment contract and an official job offer letter can help. These documents should clearly state your salary, job title, and terms of employment. Some lenders will accept these documents in place of payslips, particularly if your new job is in the same industry and offers equal or greater salary.

Self-Employed Applicants

Self-employed individuals rarely have traditional payslips but can provide a host of other documentation to prove income stability:

  • Profit and Loss Statements: Prepared by a certified accountant, these can reflect your business’s financial health.
  • Business Bank Statements: These complement your personal bank statements in providing a full picture of your financial affairs.
  • Notices of Assessment: Issued by the Australian Tax Office, these confirm your declared income and that your taxes are paid.

Tips for Strengthening Your Mortgage Application

If you lack conventional documentation, consider these strategies to enhance your mortgage application:

  • Improve Your Credit Score: Ensure your credit history is in good standing by paying down existing debt and avoiding late payments.
  • Save for a Larger Deposit: Offering a larger deposit decreases the loan-to-value ratio, which may alleviate some risk concerns from the lender.
  • Get Financial Advice: Consulting with mortgage brokers or financial advisors who understand how to handle non-standard applications can help you obtain a home loan.

Lender Flexibility and Non-traditional Lenders

Flexible Lending Practices

Some traditional lenders may be flexible with documentation requirements if you can demonstrate financial stability through other means. It’s worth discussing your situation with a few lenders to understand their specific requirements and flexibility.  A mortgage broker with connections to a wide range of lenders is helpful, as they can give you the best options for your circumstances.

Non-traditional Lenders

Non-traditional lenders, such as specialist mortgage companies and fintech firms, often have more flexible lending criteria than major banks. These lenders might be more willing to consider a broader range of documentation to assess your mortgage application.


Securing a mortgage without three months' payslips in Australia is challenging but not impossible. By understanding what alternative documentation can be used to demonstrate financial stability, and by consulting with a top mortgage broker or financial advisor, you can increase your chances of obtaining a mortgage. 

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