Is there a financing solution available for potential purchasers to take advantage of?
A. Yes there is. If you buy an already completed home then at the point of Lease Registration it is possible to borrow up to 50% of the assessed value over a 5 – 7 year repayment period. If the home is ‘off plan’ and therefore paid for over the course of the construction on a ‘stage payment’ scheme then you will have to pay for it all yourself through the building stage and then arrange a loan once completed and the lease or freehold registered.
