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

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

Nice thing about it 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 financing only for the building. This will make it means cheaper and faster to possess your own house. Nonetheless it’s just obtainable in the ACT and eligibility requirements and federal government approval are needed.

Great fixed or rate that is variable.

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

Four-months pre-approval.

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

Choice to redraw.

Withdraw any repayments that are extra are making, or you might have a repayment getaway. 2

Benefits and prices.

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

Rates

Variable Speed Holder Occupied Mortgage Loans Get More Information

Land Lease Scheme FAQs

What’s the ACT Land Lease Scheme?

The Land Rent Scheme can be an ACT Government effort to improve usage of home ownership that is affordable. The primary reason for the scheme will be decrease the entry expenses and home loan repayments for property owners. Continue reading “The ACT Government’s Land Rent Scheme is an even more affordable option to acquire your own house.”