How Can You Finance a Vacant Land Property without Traditional Documentation?

The Role of Alt Doc Vacant Land Mortgages

Vacant land can be a valuable asset for those looking to build their dream home or for investors looking for a piece of land to develop. However, securing a mortgage for vacant land can be a challenging task, especially if the property is unregistered, or the client does not have traditional documentation. This is where alternative documentation (alt doc) vacant land mortgages come in.

Mortgage Street’s Receptive products are designed to assist clients in securing a mortgage for alt doc vacant land and unregistered vacant land properties. These products offer a range of options for clients who may not qualify for traditional mortgage options. This includes those with low credit scores, properties located near high voltage lines or mobile masts, and those who are looking to use agricultural farms as collateral.

The process of securing an alt doc vacant land mortgage may vary depending on the lender, but generally, it involves providing alternative documentation such as proof of income, employment, and assets. The lender may also require additional information, such as a detailed business plan for the property or a signed purchase agreement.

If you are borrower looking for an offer of a unique solution for a specific segment of the market, look no further than Mortgage Street’s Receptive products. These products are designed to provide comprehensive and competitive solutions for all of your clients’ mortgage needs. Contact a Mortgage Street accredited mortgage today to learn more about how they can start assisting you with alt doc vacant land mortgages.