How do I finance the buying of land at $40,000 plus house cost of $135,000 + $6000 for transport + power, sewage and water conection. With as little of my money as possibly.
It is a new built house moved onto my land.
Thanks
Jett
You mention the words transport so do we assume it is a removable home
If this is the case you will not find any lender want to advance funds until the house has been moved, stump, all services connected and Council Approved.
It is unlikely that the removal home company will carry your costs and will probably want a decent deposit and maybe a stage payment.
You would better off constructing from scratch on the land and get the lender to make construction draws at the varying progress stages.
That way 95 /100% advance would be possible.
Richard Taylor
Residential & Commercial Finance Broker
Ph: 07 3720 1888
[email protected]Richard Taylor | Australia's leading private lender
You must be logged in to reply to this topic. If you don't have an account, you can register here.
