Hi, I'm trying to buy a block of land (1 acre) with RU2 rural zoning for $160,000. It's been on the market for over 2 years. I'm hoping to get an 80% loan so I have a bit of savings left over but have 26% saved and can use the full amount if needed. I was previously approved by one of the major banks for 80%, the valuation came back at 160k, but it was rejected at the last minute due to 'poor marketability' of the block. With it being an unusual block in a rural area I think the major banks see it as too high a risk. Are there lenders that specialise in rural vacant land loans that would approve something like this? I've been told by my previous broker that a guarantor won't help as guarantors are for when you have less than 20% deposit, however, I have friends who've had more than 20% deposit and still had a guarantor. Would really appreciate any assistance, Faye.