HOW SELF- EMPLOYED CAN GET A BOND

BEING self-employed does not mean giving up the dream of owning a home, says Jenny Rushin, national development manager at BetterBond.

It may just require a bit more paperwork and some expert guidance.

“The perception that it’s difficult to buy property when you’re self-employed isn’t really true any more. Even when you’re not permanently employed, and don’t have a regular, fixed income, it’s possible to submit a successful homeloan application.”

Rushin says self-employed bond applicants should:

◆ Ensure their tax and financial affairs are in order.

◆ Check their credit record.

◆ Keep their personal and business income and expenses separate.

◆ Work with a bond originator.

◆ Save as much as possible towards a deposit.

It is not impossible for self-employed people to be granted a home loan. PICTURE: TAMARCUS BROWN