16.04.2021 Anyone who needs real estate financing as a self-employed person has always had to provide some proof of income. In times of Corona, banks' requirements for lending to the self-employed have increased. Accordingly, freelancers and tradespeople must currently provide additional documents and evidence. An important insight: nothing works without a tax advisor.
The Corona crisis hits especially the small businesses and "solo self-employed" people. We would like to give you an overview of the subsidies and assistance that are currently available to sole traders and freelancers in particular, and where and how to apply for these subsidies in practice. We are currently working on the contents and are updating them here continuously.
Many self-employed complain that there are allegedly hardly any banks willing to finance their property. Of course, this impression can be created quickly if you simply ask the wrong banks. Pure retail banks are indeed ruled out as potential lenders, but there are also numerous (!) Banks that have no problem with self-employed people.
Banks are at least since the entry into force of the so-called. Residential real estate credit guideline on 21.03.2016 obliged to check your income very carefully when granting a loan. As a freelancer or tradesman, you must therefore provide a whole range of proof of income when applying for real estate financing. We show you what documents you need to succeed with the banks.
In the case of salaried employees and civil servants, income can usually be read off quite easily in the salary slips. But how does it work for the self-employed? How do banks determine the income of self-employed persons or freelancers when granting loans??