When you’re on the journey to fulfill your dream of property ownership, you’ll find a multitude of options at your disposal.

A highly favored approach for acquiring real estate is by considering a land and construction package. This option presents numerous advantages, including substantial savings on government expenses like stamp duty, among others.

When you opt for the land and construction loan route, you have two distinct choices: you can either acquire the land independently and embark on the construction phase at a later time, or you can select a comprehensive land and build package that streamlines the entire process.

Financial institutions are often willing to extend financing to support your land purchase, provided that there’s an expectation for the land to be approved for construction or dwelling within a predetermined timeframe, whether for personal or investment purposes.

Typically, most lenders are open to allowing you to borrow up to 90% of the land’s valuation, although certain situations might permit borrowing up to 95%.

In many cases, lenders base their funding on the land’s current value alone. However, if your intention involves enhancing the land by constructing a dwelling, the lender may assess its value on a “completion” basis. This evaluation may encompass not just the land’s worth but also the construction costs, although this criterion can vary depending on the specific lender’s policies.

This approach to property acquisition is another widely embraced choice, offering the advantage of substantial savings on stamp duty expenses while affording you the opportunity to construct your own brand-new home.

With this method, lenders typically begin by approving the entire loan amount and facilitating the land purchase. Subsequently, the building loan component typically progresses in five stages, aligned with the builder’s timeline for completing the house.

When you embark on the journey of purchasing land with the intention to build, it’s essential to enlist professional assistance to navigate the intricacies of property acquisition. We’re here to offer our expertise and support every step of the way.

Our mission is to guide you in selecting the most suitable loan that aligns perfectly with your unique needs and aspirations. Your property dreams are our priority, and we’re dedicated to helping you achieve them.