License to Occupy (LTO)
A License to Occupy agreement is issued to a customer when the customer is assessed and deemed to qualify for a mortgage for a property on a site that has not been vested in the HDC. For a site to be vested, the HDC must have full title to the property. An LTO agreement does not give the customer title (ownership) to the property. Once the site has been vested the HDC will approach the customer to convert to mortgage.