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Comyn promises to consider land lease lending

Commonwealth Bank chief executive Matt Comyn was caught off guard yesterday when Stockland CEO Tarun Gupta asked him to consider offering a loan that would allow people to buy into land lease developments.

Sydney , New-south-wales , Australia , Tarun-gupta , Simon-owen , Matt-comyn , Commonwealth-bank , Ingenia-communities , Land-lease-home-loans , Mortgage-business , Home-owner-partnering-equity , Retro-thrive

New lender for land lease loans launches

Mortgage Business
New lender for land lease loans launches
By Annie Kane
04 June 2021
Seniors lifestyle communities developer Ingenia Communities has partnered with a fintech start-up to launch a funding solution for prospective residents of land lease communities.
Ingenia Communities Group, an Australian property group that owns, operates and develops a portfolio of seniors communities and holiday parks, has announced that it has partnered with a fintech start-up, Land Lease Home Loans, to launch a funding solution for prospective residents of land lease communities (communities where residents purchase the property/building but pay a fee to lease the land where the home is located, such as caravan parks or manufactured home estates).

Australia , Australians , Australian , Andrew-ralph , Kate-melrose , Annie-kane , Simon-owen , Residential-land-lease-alliance , Ingenia-communities-group , Land-lease-home-loans , Lease-home-loans , Ingenia-lifestyle

Ingenia backs downsizing loans for older, single women

Women over 55 are the fast-growing group of homeless people and many just need a small bridging finance gap to help them buy secure home.

Australia , Brisbane , Queensland , Hervey-bay , Central-coast , New-south-wales , Andrew-ralph , Simon-owen , Queensland-fraser-coast , Chambers-pines , Land-lease-home-loans