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

The ACT Government’s Land Rent Scheme is an even more affordable solution to have 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 your can purchase your home. Nonetheless it’s just obtainable in the ACT and eligibility requirements and federal federal government approval are expected.

Great fixed or rate that is variable.

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

Four-months pre-approval.

We are able to pre-approve your loan to help you look for your premises with certainty.

Solution to redraw.

Withdraw any additional repayments you are making, or you might like a payment vacation. 2

Advantages and prices.

  • Loan terms as much as three decades. Maximise your loan term and minimise your repayments that are regular
  • Versatile principal and interest payment options. You select whenever, just just 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 Mortgages Get More Information

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 would be to reduce steadily the entry expenses and mortgage repayments for home owners. Continue reading “The ACT Government’s Land Rent Scheme is an even more affordable solution to have your own house.”