The ACT Government’s Land lease Scheme is a far more affordable method to acquire your house.

The ACT Government’s Land lease Scheme is a far more affordable method to acquire your house.

Nice thing about it 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 house. Nonetheless it’s just for sale in the ACT and eligibility requirements and federal government approval are expected.

Great fixed or rate that is variable.

Borrow as much as 90% regarding the value of this safety home. 1

Four-months pre-approval.

We are able to pre-approve your loan to help you seek out your premises with full confidence.

Solution to redraw.

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

Advantages and prices.

  • Loan terms up to three decades. Maximise your loan term and minimise your regular repayments
  • Flexible principal and interest payment choices. You decide on whenever, just how and exactly how much you spend
  • Extra repayments available 3
  • Parent equity available.
  • Establishment cost: $445 4
  • Settlement fee: $200
  • Monthly service charge: $0 5

Prices

Adjustable Speed Holder Occupied Mortgage Loans Get More Info

Land Lease Scheme FAQs

What’s the ACT Land Lease Scheme?

The Land lease Scheme is definitely an ACT Government effort to improve use of affordable house ownership. The purpose that is main of scheme will be decrease the entry expenses and mortgage repayments for home owners. More →