Jenny and Brad, looking to become investors in disability housing

Jenny and Brad are a couple with self-employed income from their business. They wanted to purchase a NDIS Specialist Disability Accommodation property as an investment (SDA home for NDIS Participants).

This investment was suitable for them. A SDA is a high cost purchase, requiring suitable income for mortgage serviceability for 3+ months minimum, until the property is enrolled with NDIS and Participants are engaged to lease the property from a SDA Provider.

Source a suitable SDA property (either established for a faster ROI or build a turnkey SDA). Finance options can also be limited for this type of purchase. A SDA purchase requires a commercial loan and valuation for finance approval, based on SDA criteria such as the Participants level of funding for High Physical Support (HPS) category, suitability of the property and the SDA certification for it.

Jenny and Brad refinanced their existing mortgage for an equity release to be used for the deposit of a new build in a brownfield (existing) location. Confirmation of suitable servicing for the commercial SDA finance option from their self-employed income was confirmed and YRHM assisted with all of the requirements by the Lender for full approval of this purchase.