A home and land package is a type of service that involves purchasing both a piece of land and a newly built home from a single developer. This type of package can be an attractive option for clients who are looking for a new home as it offers a convenient and cost-effective way to purchase a property.

The process of a home and land package involves several steps. First, the client selects a piece of land from the developer’s inventory. Then, the client works with the developer to choose a home design that fits their needs and budget. Once the design is finalized, the developer begins construction on the home.

As a mortgage broker, your role is to help the client secure financing for the home and land package. This involves working with the client to determine their budget and financial needs, and then finding a suitable lender who can offer competitive rates and terms.

One of the benefits of a home and land package is that the client may be able to save money on stamp duty, as they only pay this tax on the land portion of the package. Additionally, the package may come with various incentives, such as free upgrades or landscaping.

It is important to note that the process of purchasing a home and land package can be complex, and as a mortgage broker, you should guide your client through every step of the process, ensuring that they understand all the terms and conditions of the loan and the package.

Overall, a home and land package can be a great option for clients who are looking for a new home and want a convenient and cost-effective way to purchase both the land and the house. As a mortgage broker, you can help your clients navigate the process and find the best financing options to make their dream home a reality.