land Loans
Loans for Land
Land loans basically work the same way as a standard home loan, except Home Loan Club's Land Loan has only a 0.1% increased interest rate. This extra 0.1% stays on until a house is constructed on the property. Once constructed, the interest rate reduces on the loan.
Please fill in the Enquiry Form to get accurate and relevant information for your situation.
Subdivision - Existing or Planned
When it comes to subdivisions Home Loan Club allows you to borrow before the land is subdivided. Keep in mind that the loan is based on the value of the un-subdivided property which means that the land would be worth less than if it was subdivided (1 larger block is worth less than 2 smaller blocks).
You can borrow on the value of two blocks of land once the titles have been issued, which is also when you can borrow on the construction.
Rural Land Loans
Yes Home Loan Club can help. In terms of rural land loans, it is normally very complex, but Home Loan Club with Club Financial Services can arrange for a rural loan through some of the major banks. Use our experience and negotiation skills to get you the loan you need. This land loan would not be under any of Home Loan Club's product range, and the loan to value ratio would be reduced to around 60-70%.
Please fill in the Enquiry Form with as much detail as you can and our consultants will be able to negotiate with the Banks for your loan.
Have questions? Need help?
We would be glad to help you; simply contact us via email or phone.
