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Separate loans

Posted by Littlem Littlem
Message 1 of 2 427 Views

can I get a loan to purchase land and my partner have a separate loan for building the house? Also can I get the first home owners grant for the land? 

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Re: Separate loans

Posted by SarahF SarahF
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Hi @Littlem, thanks for contacting us in regards to this. The loan for the land and the build will need to be in the same names. So for example you could get both loans together in both names however for repayments personally you could each pay into separate ones if you'd like. However you'd need to keep in mind that you're both liable and responsible for both loans. If you'd like to email me at Forum@bankwest.com.au I can arrange you to get in contact with one of our home loan specialists who can go through your options. Thanks!

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