Placing a deposit on land / elidgability for HTB
Hi,
I wanted to get a definitive answer in relation to placing a deposit on land that is currently untitled.
There is a block of land that is due to tile in November - December 2026 in which I am very interested. At the moment I have an informal hold however I am expecting that in a few days the developer will contact me to organise a deposit.
Obviously it would be pointless to go for pre approval until the block is titled but holding it until then with a deposit seems to be a difficult answer to get from mortgage brokers and housing Australia themselves
My question is: can I place an EOI deposit on a block of land or even organise a contract of sale (subject to pre-approval) until it is ready to title in November where in will obtain my pre approval closer to the date
DOES THIS DISQUALIFY ME FROM HTB