Source: SMH Rachel Lane 8th June 2021
Borrowing to fund a land-lease community home comes of age
Whether you want to buy a new car, clothes or other personal items there seems no limit to the number of banks, finance companies or buy now pay later providers who want to lend you money to fund the purchases., for retirees looking to move into a land-lease community – where you buy a home and lease the land on which it sits – borrowing can be expensive, if not almost impossible.
Enter Land Lease Home Loans, a new financier headed up by Andrew Ralph, formerly of ANZ Health, which entered the market recently.
Source: AFR 4th June 2021
Ingenia backs downsizing loans for older, single women
Ingenia Communities is backing a new loan to help the growing number of single, older women bridge the financing gap they need after a divorce or separation to buy a home in one of the company’s communities.
....“This is funding the last 10-15 per cent,” Mr Owen told The Australian Financial Review on Monday.
“There was a real opportunity to provide a very modest loan to help those ladies move into one of our lifestyle communities. Up until this point there has been no financial product available for prospective residents.”
Source: Ingenia Lifestyle 31st May 2021
Residential funding platform for land lease communities established through Land Lease Home Loans
... Ingenia has worked closely with Land Lease Home Loans over the past eighteen months to establish the business and will provide seed capital and initial funding for loans to new residents in Ingenia’s communities.
Ingenia Communities Group CEO, Simon Owen, said he was pleased to finally see a finance solution made available to residents of land lease communities.
Source: Mortgage Business 4th June 2021
New lender for land lease loans launches
Seniors lifestyle communities developer Ingenia Communities has partnered with a fintech start-up to launch a funding solution for prospective residents of land lease communities.
Ingenia Communities Group, an Australian property group that owns, operates and develops a portfolio of seniors communities and holiday parks, has announced that it has partnered with a fintech start-up, Land Lease Home Loans..
Source: Downsizing 1st June 2021
Revealed: The revolutionary new home loan for over 50 downsizers
For several years, Ross Hale had been keen to downsize from his three-bedroom home at Queensland’s Fraser Coast and move into an over 50s land lease community....
But Ross had a problem - he had a mortgage on his existing home and couldn’t find a lender who understood the land lease sector and could bring this debt across to his proposed new home at Ingenia Lifestyle Hervey Bay.
Source: Starts at 60 1st June 2021
Struggling post divorce? A new home loan scheme aims to help older single women
A new home loan scheme is set to help the growing number of older, single women finance a new house after separation or divorce...
Source: The Weekly Source 1st June 2021
Ingenia has informed the ASX that, in partnership with Andrew Ralph’s Land Lease Home Loans, they have backed the first-ever funding solution for prospective residents unable to afford to move into one of its land lease communities.
After 18 months of negotiations with Land Lease Home Loans, seed capital and initial funding for loans will be made available to new residents in Ingenia’s communities.
IMPORTANT NOTICE: This information has been prepared without taking account of the needs, objectives, or financial situation of any particular individual. Applicants should consider their own circumstances and, if necessary, seek professional advice. Applications are subject to loan approval criteria. Terms, conditions, fees and charges apply.
Land Lease Home Loans Pty Ltd ACN 642 684 053 is a Credit Representative 527929 of Mortgage Direct Pty Ltd ACN 075 721 434 Australian Credit Licence 391876.