Building financing Self-employed
Basic conditions and possible uses of building financing Self-employed often have a relationship with their bank, but are not always favored with a construction loan. The self-employed do not realize that they become addicted. Further information can be found in our chapter on the construction of my transport. By whom is an independent dealer managed? Self-employment is an economic activity carried out exclusively for the employee and not for the employer.
Regrettably, those who have been self-employed for more than three years (with the exception of freelancers) will not have access to all credit institutions; There are some credit institutions that do not want to accompany the construction cost financing for individual specialist groups in principle. These include, above all, the self-employed in the construction and catering industry. The choice of accompanying credit institutions is somewhat limited.
What does a freelancer need to pay attention to when compared to a worker, employee or civil servant? In addition, a freelancer must submit to the house bank further documents for credit verification. As a rule, one does not differ from others here. All credit institutions always want complete financial statements or profit and loss accounts of the past 2-3 years, signed by a tax expert, to be issued quarterly for the current year.
An important point is that 98% of all credit institutions require you to prove your salary during the past 3 full calendar years of your self-employment. However, if you are self-employed for less than 2 full years, it is not possible to obtain financing from a financial institution. You will also need proof of your monthly contribution to state or personal health insurance and a receipt (copy of contracts) of other existing loans / leases / payments.
What documents do the self-employed have to submit? Object documents such as dimensional drawings, calculations of the enclosed space, calculation of the living space, description of the construction work, other special documents on income, expenses and objects are required depending on the targeted construction cost financing. However, this happens after examining your application for financing and the documents already submitted. We have for you as a self-employed a valuable note on mortgages at your bank.
Construction or debt restructuring financing, home loans for self-employed. The self-employed can also make their own contribution to your building cost financing.