Self-Employed Buyers
My income is strong, but obtaining traditional bank finance is difficult.
An alternative purchase structure that does not rely exclusively on traditional bank credit scoring.
The Challenge
What This Scenario Looks Like
Self-employed buyers, business owners and commission earners often struggle to satisfy conventional bank affordability models even where actual income is more than adequate.
How an Instalment Sale Agreement May Help
An Instalment Sale Agreement is negotiated between the parties. Affordability is assessed against the agreed monthly instalment rather than against a bank's internal scoring model, subject to responsible-lending and legal review.
Potential Benefits
- Terms negotiated directly with the seller
- Purchase price agreed upfront
- May proceed without immediate bank bond approval
Things to Consider
- The buyer must genuinely be able to afford the monthly instalment and the balloon payment
- Supporting financial and identity documentation is required
A Practical Example
A business owner with irregular but strong income agrees a purchase price and instalment schedule that reflects their real financial position.
Frequently Asked Questions
Do I need audited financials?
Supporting financial documentation is required. The exact form depends on the transaction and legal review.
Next Step
Discuss Your Property Situation
Contact RentAssist to explore whether an Instalment Sale Agreement may be suitable for your specific circumstances. Each transaction is subject to legal, financial and commercial review.