Just wondering has anyone purchased a site recently and needed a bank loan. I don't intend building for a couple of years so i will need a load until then. When speaking to my local bank manager, she stated that a mortgage rate would not be available as it was land we were dealing with. Has anyone checked the market as to what kind of interest rates are avialble to someone purchasing land/site? Is this a competitive area? Which bank offers the lowest interest rate? She mentioned 6% but that seems alot. Any info appreciated.