Loans to buy land

[adrianallen99]

Hi, just a quick question. Does anyone know of any companies that will give secured loans (not a mortgage) on land.

Thanks

 

[anley]

Most banks will, but they'll require a personal guarantee. If you don't have that guarantee (for part of the value, the land value can also be part) then it's going to be very hard to get a loan.

Also, I hope when you say 'land' you don't mean you're thinking of buying a plot of land from a company that's trying to tell you it will soon get planning permission, then its value will soar. If so, you're being setup to buy worthless land.

 

[ortonstarus]

There are many banks available which provide you housing loan. All banks loan rates are different so you have to select some best loan rate. I think you have to check all banks site so getting more clear about house financing loan.