Jochicho
Now we are getting technical Steve79! what's LVR maximum? Sorry, not good with aussie financial abreviations... we put a good deposit on the land loan, I think it was around 30% of the purchase price, so even if we didn't put a deposit on the house I think the original deposit would amount to around 15% of the total loan. Does this make sense or am I missunderstanding the entire thing?
Basically all loans that don't say in their title "100%" or "no deposit" will require you to put in a certain % of the overall property value as a "deposit" as such, before they'll give you a cent.
If their LVR (Loan Value Ratio, or something along those lines) is 95%, it means for a 500k house+land they will only lend you 95% of the total value ($475,000) and you'll need to pay the remaining 5% ($25,000) yourself.
The land deposit you paid would be part of the 5% and then you'd pay the builder's deposit and then pay any difference, if any, on the slab payment.