One for the brokers on here.
After having move from Melbourne to regional Qld in 2011 for work, we are planning to move back to Vic in a couple of years and are considering the idea of buying a block of land for our future PPOR, but would like to know what percentage deposit would be required for land only at the moment? Would LMI be applicable if we used less than 20% for the deposit?
Thanks.
After having move from Melbourne to regional Qld in 2011 for work, we are planning to move back to Vic in a couple of years and are considering the idea of buying a block of land for our future PPOR, but would like to know what percentage deposit would be required for land only at the moment? Would LMI be applicable if we used less than 20% for the deposit?
Thanks.