Home & Construction Loans - Working for You; With You

Only you can make your new house a home. Your new house is an exciting, and mind-boggling experience for you; it is routine for the professionals: builders, architects, mortgage brokers etc.

Let us "Work for You; With You"

As independent mortgage brokers we try to help you identify your needs as we organise your home loan; construction loan finance for you. Having been in the finance induatry for over 30 years we have the experience & knowledge to assist you. We work for you!

There are many steps in building your own home and while we don't get involved in all of them (I'd probably hit my thumb with the hammer instead of the nail) we assist where we can and we are a listening board for you. We work with you!

Fixed Price Contracts

Most building projects are fixed price as this gives certainty to you so you don't go over budget and it gives certainty to the lender as the home will be their security and they will know what they are getting.

Deposit Bonds

Every property transaction requires you to make a deposit. A deposit bond provides cash or bonds on your behalf to meet your deposit requirements and secure your property purchase. a deposit bond is basically an insurance policy. The deposit bond is the policy document that tells the vendor that the insurance company will pay the 10% deposit to the vendor in any of the circumstances where the deposit would ordinarily be forfeited by the vendor.

This is ideal when you haven't sold your existing home but want to start the purchase process on the new property. Talk to us today on 0800 24 66 67 or Contact Us to discuss this further.

Progress Payments

Most building projects are done with what is called progress payments. This basically means that the lender pays out as the project progresses and value is added to the property. Final payment is normally made once the code of compliance is provided.

Apart from the normal information required to have a mortgage approved such as confirming income etc we will also require information regarding the constru

ction.

• The building contract
• A registered valuation showing the value of the completed project
  
• Building insurance

Talk to us on 0800 24 66 67 or Contact Us and we will guide you through the process.

You can also start the application process by Applying Now.