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The ACT Government’s Land lease Scheme is an even more way that is affordable obtain your house.

Very good news if you reside in Canberra. That’s because you’re buying or building your house on land that’s rented through the federal government, and that means you just require that loan simply for the building. This will make it means cheaper and faster to possess your own home. Nonetheless it’s just for sale in the ACT and eligibility requirements and federal federal federal government approval are expected.

Great fixed or variable price choices.

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

Four-months pre-approval.

We are able to pre-approve your loan in order to seek out your home with certainty.

Choice to redraw.

Withdraw any repayments that are extra are making, or perhaps you could have 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
  • Flexible principal and interest payment choices. You decide on whenever, exactly just exactly how and just how much you spend
  • Extra repayments available 3
  • Parent equity available.
  • Establishment cost: $445 4
  • Settlement fee: $200
  • Monthly service fee: $0 5

Prices

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Land Lease Scheme FAQs

What’s the ACT Land Rent Scheme?

The Land lease Scheme is an ACT Government effort to improve usage of affordable house ownership. The primary reason for the scheme will be lower the entry expenses and home loan repayments for home owners. The scheme can also be anticipated to be utilized as a way for a few social individuals to advance their entry into homeownership, by saving buying the land outright in the foreseeable future while spending land lease. Continua a leggere