Search the Community
Showing results for tags 'buying land'.
Found 2 results
I wonder if anyone can help with this.... We have been in Melbourne for just over a year and are contemplating buying a plot of land in an area we like. We currently own a property in the UK which we would need to sell in order to finance a new home build, but we would like to buy the plot now as they don't come up very often. So, our plan would be to arrange a short term loan from family to provide the deposit and get a small mortgage to buy the land, and then once the UK house is sold we can extend the mortgage to begin building. The land does not have planning permission yet, but is being marketed as residential and the similar plot next door has a newly completed home on it, so I am presuming planning permission should be fairly easy to obtain. Is this feasible? I am unsure how the whole process works here, particularly with regard to getting a mortgage for land and then either getting another one to build, or extending the original one. Has anyone done anything like this? Where should I start?? Thank you
We are thinking about buying a plot of land and then finding a builder to build a house. Anyone know of any good financial/mortgage advisor on the Gold Coast. Any tips on buying land and finding a builder would be greatly appreciated. :err: