A house and land package is where a building company sells you a section with a spec or ‘off-the-plan’ style new build included in the price. An application for this type of loan is similar to any other application in that the bank or lender will want to understand your financial position. Where it differs slightly is that the bank or lender also requires supporting documents to understand the house and land package you are buying. These documents include a sale & purchase agreement for the land, a fixed price building contract, plans and consents for the build and builders liability or risk insurance.