Hi all, I was hoping to reach out to the community as I'm having I believe a difficult time in getting a loan for a PPOR. I am self employed in a company with directorship for nearly 4 years. I stepped down from the board of directors to engage in the work more establishing a new sector and minimizing my day-to-day overseeing responsbilities. I have been a director for 3 years, and reappointed again more than 7 months ago. I never stopped working or resigned. The other director forgot to reinstate me earlier in the ASIC database -_-. My partner is a PAYG who is now a FT employee at one of the big insurance groups. We contacted a broker, applied for and received a formal pre-approval for a low doc loan when - we are engaging in 80/20 LVR. With 20% deposit and have enough balance to go up to 65%. - it had been only 3 months since the reappointment of my directorship. - Partner, on an indefnite visa, still on TR with PR application in process - was still on a dependent contract with the employer. I queried with the broker at the time about the expiry date of the pre-approval, in which the broker said it's relatively simple for them to ask for a extension. Afterwards, after being uncomfortable and the disatisfaction of communication and ignorance of the broker I was recommended and referred to another broker. We then were the highest bidder at an auction and paid our 10%. Settlement is end of next month and was for 120days (long settlement). Since then, the new broker has slowly began putting me back into an uncomfortable position. I believe the new broker is working dilligently. First attempted to apply for a full-doc with one of the big 4 banks, in which the new broker advised it would not go through as my two years of company financials were both not in the positive. FY19 is positive, FY18 was not. Now they have applied for a low doc loan via a mortgage manager - in which turns out the funder is the exact same lender as before for our formal pre-approval we recieved. This time around, because the pre-approval has expired, we are applying straight for an unconditional approval. The mortgage manager has communicated that upon contact lender will consider our application (not sure what this means, does this mean they will accept the application?). It appears they have been processing our application for a dry run. They are now asking for explanations and additional documents/information for things such as: gap in directorship, new accountants statement, my partner's PAYG summary for the last financial year. I believe our situation regarding serviciability/employment history/savings balance was worse during the pre-approval application than it is now. But why does it seem harder than ever now? We have got just over a month to obtain funding for settlement. It is in my natural behaviour to find out how things work. I am super stressed, I've never done this before - can anyone shed light on this situation for me? Am I overthinking this? When do I need to inform my conveyancer by with the loan? What sort of relationship do mortgage managers have with their lenders? Can anyone help? I am freaking out.