Mortgage for a free artist

In recent years, many experts have freelancers: they are not registered in the state of a company and earn a one-time orders. Income for free bread can be quite sufficient for obtaining a mortgage loan, but there is a chance to prove it to the bank? Monthly earnings of remote workers sometimes even several times larger than the salaries of professionals that are prepared in the state. The catch is that, as a rule, employers do not support their relationship with the freelancer in the workbook. The contractual relationship is not always drawn on paper, do not pay taxes. The money passed from hand to hand or through electronic payment systems. It turns out that there is no official confirmation of employment. Meanwhile, lenders impose strict requirements for employment of the borrower. Among the documents that must be presented to the bank to pass underwriting, a copy of the work book, its the same borrower is required to regularly provide throughout the loan term. According to Andrew Trutko, a specialist mortgage brokerage division of "Credit Max," "as a rule, banks are very selective work with such clients, and some do not work at all. The absence of a potential borrower's employment record indicates that he is not employed. " In free-swimming mostly go by representatives of professions that are not associated with a permanent presence in the office of the advocate, programmers, designers, journalists, translators, photographers, artists, and artists. Alexei Dorosh, director of sales and development of the Russian mortgage bank, said that "banks have a very subjective approach to this category of borrowers. This is due to the absence of any statistics on income representatives of creative professions. " Yet freelancers are denied not so much because of lack of work-book, but because of the opacity of their income. As evidence of this thesis, Julia Polyakova, Head of Public Relations "Fosborn Home", brings an example: "In Russia, many foreigners are not registered in the state, but they often buy an apartment on credit. After all, they are almost always in the hands of a contract with the employer and the salary is completely 'white'. " Cyril Suslov, head of mortgage broker "Legkokredit" confirms that a foreign specialist working without books - it's not such a difficult case, "is more difficult to obtain credit to those Russian citizens who receive income from work in another state. They need to provide a bank statement and a notarized translation of the contract. But overall in both categories chances are much higher than that of freelancers, due to the fact that contracts are usually not single or a quarter, and, say, a year. " Hence, the "free artist" even with sufficient income will not be able to get a mortgage? Still possible to find out. "In the absence of employment record confirmation of solvency may be the work contract, copyright or fixed-term contract. It is desirable to provide these documents for a long enough period of time. Bank encourages continuous work freelance with the same customers. The big plus is the fact that the employer pays the salary of a bank (to the card or savings account). If the documents are in order, if they are available over the long term, if the bank sees the dynamics of stability or a freelancer, then there should be no problems "- encouraging borrowers Andrew Trutko. Yulia Polyakova warns that "the bank pays close attention to what is often a person changed jobs, the overall length, the characteristic of the firms with which a potential borrower has worked. By the way, an employee working under a contract may have difficulties with the collection of documents from previous jobs, and these papers are likely to be needed. The Bank will carefully study the documents, especially for how long the current contract is concluded and the conditions under which it is extended. A credit institution makes a request for renewal to the management agreement with a potential borrower. " Suslov Cyril observes that "the publishing agreement is accepted for consideration if it was made at least three (preferably more) months prior to application to the bank (partly similar to probation for the main job, and that it was not possible make a "sham" contract right before submitting documents to the bank). Employers are obliged to issue a certificate 2-PIT, even those who are not issued by the workbook. Should be tax deductions on royalties and contract covering the whole last year. You will also need bank statements, which will reflect regular income. If the documents can be traced to the time intervals (ie, in some moments of people working without contracts), or have contracts with no tax deductions, it is likely to be followed by the denial of credit. " Fame, or "name" in such situations helps only partially. "Thanks to the popularity of small indulgences can be achieved (the acceleration of the application, more attention to the problems of the client by the bank), but no more. Requirements for borrowers can not be changed, depending on their social status. The bank has a clear policy, which applies to all "- emphasizes Andrew Trutko. Turning to mortgage brokers, freelance contracts without regular official gets a chance to loan processing, but the percentage will be significantly higher than market average, require a large down payment (not less than 30 per cent), in addition, the bank can not allow to register a purchased on credit apartment. Alex Dorosh suggests that "significantly alleviate the loan may be the presence of a co-borrower with more stable incomes. For the representatives of creative professions essential role played by the presence of assets in the property as a result of successful professional activity or availability of funds for the down payment. " Cyril Suslov advises a freelancer to take shape as an individual entrepreneur: "It is, of course, are not the best borrower in terms of the bank, but at least it is not" an individual without a permanent job. '" In this case, will report regularly to the tax authorities, but and lenders will be more loyal, as the client goes into a different category of borrowers. It tells the head unit "Mortgages" Alfa-Bank Ilya Zebari, "Alfa-Bank freelance with contracts for one-time work will not be able to get a mortgage. If a freelancer is designed as an entrepreneur, then it is possible to obtain a loan. We can offer him a mortgage program designed specifically for entrepreneurs. " Thus, if employees with a "gray" wages have had an opportunity to buy an apartment on borrowed funds, the freelancers to lenders while placing very stringent requirements. So if you are a "free artist" and want to get a mortgage, executes customer relations official.