Your proposal is very legal and you can go ahead. The purchaser will get the loan from the bank there is no hurdle.
List of Loan Against Property Documents Checklist for Self Employed Business Person
Photo Identity Proof: Any One from the following;
Voters ID Card
Residence Address Proof: Any One from the following;
Residence Ownership Proof: Any One from the following;
Office Address Proof: Any One from the following;
Property Documents (if any)
Maintenance Bill (if any)
Office Ownership Proof (if any): Any One from the following;
Business Existence Proof: Any One from the following;
3 years old Saral Copy
Shop Establishment Act
Any Tax Registration Copy
Company Registration license
Income Proof: Latest 3 years Income Tax Returs including Computatin of Income, Profit and Loss Account, Balance Sheet, Audit Report, etc.,
Bank Statement: Latest 1 year bank statement both current and savings.
Property Documents: Property documents to be submitted based on the purchase of your dream home.
Copy of agreement executed / Sales Deed.
Latest Maintenance Bill.
List of documents & sanction letter given by Existing Banker (If Applicable).
Advance Processing Cheque required to process loan documents for sanction.
Investment Proof (if any): please submit if any investment like, Fixed Deposit, Shares, Fixed Assets, etc.,
1 passport size color photograph