You have found the perfect location … but there is no house on the property.  Looking to finance vacant land on your own, you may find challenging. The major banks don’t have too much appetite for properties without buildings.

We have many lenders who are interested in financing vacant land.

One important consideration to remember when discussing your finance options is what is the land for.  If you are looking to purchase in order to build upon in the near future, it would be a good idea to discuss the entire plan with your mortgage advisor.  You don’t want to get into a situation where you found the “lowest” financing costs, only to find out you are handcuffed when it comes time to build. How much flexibility do you need when purchasing the land?

We are here to help guide you, making you aware of any pitfalls, and advantages of using one lender over the next.