Bond Readiness Score

Buying a home is one of the biggest money decisions you will make. 10 questions to see what is ready and what needs work. Private. Your employer never sees your answers. You can stop anytime.

Private: your answers stay on this device and are not saved. You can stop at any time.

1. How long have you been in your current job or business?

   Less than 6 months or still on probation6 to 12 months1 to 2 yearsMore than 2 years

2. What would a bond repayment be compared to your gross (before tax) income? Use the Bond Affordability Calculator if unsure.

   More than 35%30% to 35%25% to 30%Under 25%

3. How much of all your other monthly debt (car, loans, cards) takes from your gross income?

   More than 30%15% to 30%Under 15%No other debt

4. What is the state of your credit record?

   Arrears, judgments or under debt reviewI do not knowSome late payments in the last 2 yearsClean and up to date

5. Have you saved for a deposit?

   No depositLess than 5% of the price5% to 10%10% or more

6. Have you saved separately for transfer costs, bond registration and moving (these are extra to the price)?

   NoSomeMost of itYes, all of it

7. Would you still have an emergency fund after buying?

   NoLess than 1 month of costs1 to 2 months3 months or more

8. Have you budgeted for rates and taxes, levies, insurance and maintenance on top of the bond?

   NoRoughlyYes, with real figures

9. Have you been pre-qualified or pre-approved by a bank or bond originator?

   NoPre-qualified online onlyPre-approved with documents

10. Have you practised the repayment by saving the difference between rent and the future bond for 3 or more months?

    NoTried, but could not keep it upYes, for 1 to 2 monthsYes, for 3 months or more