To Buy Land — Getting A Loan

What do you have saved for a deposit?

: Recent payslips, tax returns, and bank statements to prove you can service the debt. ⚖️ Key Considerations getting a loan to buy land

: Most lenders restrict the Loan-to-Value Ratio (LVR) to 80% or less for titled land in metropolitan areas, and significantly less for rural blocks. ✅ Pro-Tip for Success What do you have saved for a deposit

Do you plan to immediately or hold the land as an investment ? Is the land in a city suburb or a rural area ? ✅ Pro-Tip for Success Do you plan to

: Rates are usually higher than residential mortgages because vacant land is harder for a bank to sell if you default.

: Proof that the land can be used for your intended purpose (residential, commercial, or agricultural).

: Documentation showing legal access to the property and the availability of water, sewer, and power.