Do you have a business and dream of owning your own home, but you don’t have enough money for it? The solution may be a turnover mortgage, a loan mainly used by self-employed persons (self-employed).
What is a reverse mortgage?
If we simplify it a lot, it is a mortgage for self-employed people who may otherwise have a problem getting a mortgage loan. It is sometimes difficult for the bank to assess the income of such persons, so in the case of a mortgage on turnover, the bank will be interested in the income calculated on turnover.
Did you know that the bank calculates the average monthly income for self-employed persons, which is used to assess the applicant’s creditworthiness, from tax returns? The calculation also depends on whether the sole trader is claiming flat rate expenses or actual expenses. These may be lower than the flat-rate applied.

Who is a reverse mortgage suitable for?
The mortgage according to the turnover of the self-employed is particularly suitable for applicants with high incomes and a lower tax base. The bank will require that the business has been in operation continuously for at least 24 months at the date of application, that the previous period did not end in a loss and that the entrepreneur does not have negative assets.