Hello
I am looking at buying a vacant land and build on it soon after purchase of land. I'm looking at getting a loan for the land and I have saved enough for the deposit on land without the need for LMI. What I'm not sure about is the second stage which is getting a loan for the build. Do I need to pay 20% deposit again on the cost of the build? Is it easy enough to get a build loan if I already have a loan on the land? Sorry completely new on the buy and build process so any help would be appreciated.
Thanks,