Vacant Land Loans

When it comes to buying land, you may be thinking about what sort of loan you need.  A vacant land loan might be right for you.

Rather than buying a property that already exists, many Australians are turning to building their own homes, and vacant land loans enables them to achieve this dream.

Securing a vacant land loan is no different to securing a regular loan however some lenders may be more cautious, generally because you may find the value of your vacant land drops when the economy starts to struggle. However, it’s certainly not impossible to borrow money for vacant land.

With many different vacant land loans available on the market, looking for the right loan can become overwhelming.

At Ugo Finances, we have access to over 45 lenders, including major banks and non-bank lenders. Our dynamic team of mortgage brokers will take the time to understand your situation and guide you through the entire loan process – from application to settlement.

If you plan to hold on to the land for investment purposes, you may be offered an interest-only loan. Otherwise, a principal and interest loan will most likely be recommended.

Contact Us

If you’re having difficulty finding a vacant land loan that’s right for you, contact our team on 02 8026 0775 to talk about how we can help you.