OK still sorting out vendor finance for block of land.
I have a meeting with Vendor today.
All things being equal, how hard is it to getting bank finance for a block of land? I think if i put a shed or whatever on it, doesnt add much value.
So in a about 12 mths or so, I would like to change to a convetional loan.
Is it any hard to get a loan on a block of land than house and land??
I am putting down about 8 percent deposit to start with and willl have paid off a bit more in 12 months.
Hopefully there will be some capital gains as well.
I have a meeting with Vendor today.
All things being equal, how hard is it to getting bank finance for a block of land? I think if i put a shed or whatever on it, doesnt add much value.
So in a about 12 mths or so, I would like to change to a convetional loan.
Is it any hard to get a loan on a block of land than house and land??
I am putting down about 8 percent deposit to start with and willl have paid off a bit more in 12 months.
Hopefully there will be some capital gains as well.