25/11/2025
Looking to Buy a Property as a Self-Employed Individual? We've Got You Covered at The Residence Estate!
Being self-employed comes with its unique set of considerations, here are the key requirements and steps you should keep in mind:
1️⃣Proof of Income: Provide income proof from the last two years, such as tax returns, profit/loss statements, and bank records.
2️⃣Good Credit Score: Maintain a strong credit history for better mortgage terms and rates.
3️⃣Down Payment: Save up for the down payment, which varies based on your loan type.
4️⃣Debt-to-Income Ratio: Aim for a ratio below 43% to demonstrate financial responsibility to lenders.
5️⃣Documentation: Gather essential documents like bank statements, tax records, and asset/liability proof for a smoother process.
6️⃣Business Stability: Show at least two years of business history for a positive impression. Newer businesses may need additional financial history for lender confidence.
📌We grasp your unique challenges and can assist you in securing a pre-approval for a smoother home-buying journey at The Residence Estate.
➡️2 Bedroom Units for Sale from R1,090,000 in Parklands North, Cape Town ⚡Includes Bond & Transfer Fees
📞Contact: 066 347 1686 | 063 709 7451
🌐Website: www.theresidenceestate.co.za