The ACT Government’s Land lease Scheme is an even more affordable solution to obtain your own house.

The ACT Government’s Land lease Scheme is an even more affordable solution to obtain your own house.

Very good news you only need a loan just for the building if you live in Canberra. That’s because you’re buying or building your home on land that’s rented from the government, so. This will make it means cheaper and quicker to possess your own house. Nonetheless it’s just for sale in the ACT and eligibility criteria and federal federal federal government approval are expected.

Great fixed or rate that is variable.

Borrow as much as 90% associated with value associated with the safety home. 1

Four-months pre-approval.

We could pre-approve your loan to help you look for your home with full confidence.

Choice to redraw.

Withdraw any repayments that are extra are making, or you could enjoy a payment getaway. 2

Advantages and prices.

  • Loan terms as much as 30 years. Maximise your loan term and minimise your regular repayments
  • Versatile interest and principal payment options. You decide on whenever, just how and just how much you spend
  • Extra repayments available 3
  • Parent equity available.
  • Establishment charge: $445 4
  • Settlement fee: $200
  • Monthly service charge: $0 5

Prices

Adjustable Speed Holder Occupied Mortgages Learn More

Land Lease Scheme FAQs

What’s the ACT Land Lease Scheme?

The Land lease Scheme is an ACT Government effort to boost usage of home ownership that is affordable. The purpose that is main of scheme is always to lessen the entry expenses and mortgage repayments for property owners. The scheme can also be anticipated to be utilized as a method for a few social visitors to advance their entry into homeownership, by saving to purchase the land outright later on while spending land lease.

Underneath the scheme, lessees hire the land through the national. They’re expected to spend the us government land lease, determined regarding the unimproved value of the block of land. Læs resten