Is the NCA and Your Income to Debt Ratio Preventing Your Home Purchase In The Area You Want to Live In?
The new NCA (National Credit Act) has forced many would be home buyers out of the house hunting market based on the fact that your loan to income ratio is too high. The new regulations of the act are valueable and definately protect you the consumer, however at the same time it has prevented many buyers out of the market completely as they are not prepared to settle for a smaller or lower income area property!
With the average national debt to income ratio being higher than 72% of people's household incomes this surely is a protective measure to guard against uncontrolled and reckless spending habits!
But what about those who...
"...have solid, consistent and well managed finances but are still negatively affected by the NCA?"
If you can prove that your income and finances are consistent and well managed BUT the NCA still prohibits you from purchasing a home in the area that you desire then Bond-Free-Homes may have a solution for you.
We have a portfolio of homes that may suit both your pocket and your existing lifestyle needs!
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