Secure your next chapter before your current home settles.

A Land Lease Home Loan Bridging Facility is a short-term loan designed to help you purchase a new Hampshire home before you receive the proceeds from the sale of your current home.

The loan provides short term funding so you can complete the purchase of your new home while waiting for your existing property settlement to occur. Interest and applicable fees can be capitalised and added to the loan balance during the loan term

You may be able to borrow up to 70% of the value of the security property, subject to our lending criteria and credit assessment. The maximum loan amount available is $600,000 (minimum of $100,000).

The loan is secured against your existing property. To be eligible, your property must be acceptable to LLHL, be subject to an acceptable Contract of Sale, and have sufficient value to meet our lending criteria. A valuation will be required

Yes. To be eligible for a Land Lease Bridging Loan, your existing property must be under an acceptable Contract of Sale and meet LLHL's security requirements. The loan is designed to bridge the period between the purchase of your Hampshire Village home and settlement of your existing property sale.

We encourage you to get financial advice. This will help you determine how best to deploy your home equity to ensure improved long-term retirement funding. A financial adviser can also help structure your financial affairs to maximise entitlements to the Age Pension.

As the advice needs to be independent we can only suggest you speak to a local solicitor or adviser. For further assistance, read more here.

Please refer to our Interest Rates page for the variable interest rate on a land lease bridging loan.

Your interest rate can rise or fall throughout the term of the loan.

The variable interest rate Land Lease Home Loans offer could be affected by a number of factors, including but not limited to, higher or lower funding costs for the Lender.

Acting reasonably, we can change the pricing of your loan (including your interest rate and credit fees and charges).

Regarding the notice period, we will give not less than 20 days notice of a change to any fees and charges payable and not later than the day on which any change to the interest rate takes effect.

For further details please refer to Terms & Conditions.

Establishment Fee is based on $750 of the loan amount - subject to lending criteria and advised on pre-approval and Account Keeping Fee (payable monthly in arrears on each repayment date) is $20 per month. Other fees/charges:

• Documentation preparation costs and registration fees. Not known at the disclosure date - charged at cost.
• Valuation fee. Not known at the disclosure date - charged at cost.
• Special attendance fee (e.g. variation or substitution of security, discharge of mortgage) is $250
• Fee for provision of paper copies of documents is $25
• Dishonour fee $25
• Early repayment fee is Nil.

Please do not hesitate to contact us on 1300 555 626 or [email protected]