Hi I have bought 40 acres of land in 3854 in Jan 2016 for 400k. I have 150k loan balance on it and now i want too build on it contruction cost is 520k . i have already paid builder 25k deposit. I have applied through my broker to cba for construction and refinance but first got approval at 80 lvr but have to pay 15k LMI at low doc at 5.75% interest as i am business owner. Tried with rams and firstly got exception for 40 acres as they do not do more than 25 acres but then being held and being advised its category 4 postcode so have to apply for full doc instead of low doc. I would like to know if anyone can suggest me how to get away with it.