Turnkey New Build Finance
Secured Without Stress.
Last updated: July 2026
A family seeking a construction loan in Christchurch navigated the complexities of progress payments and turnkey builds with Finch's expert guidance.
The problem.
Building a new home requires specialised construction finance. Mark and Lisa had a 10% deposit and wanted to build in a new subdivision in Christchurch.
However, they were completely confused by the difference between progress payment loans and turnkey contracts, and they were worried about paying a mortgage and rent simultaneously during the build.
How we solved it.
The result.
The clients avoided paying double housing costs (rent + mortgage) during the 9-month build process.
The construction loan settled smoothly upon completion, and they moved into their brand-new home with zero unexpected financial surprises.
"Getting a new build construction loan was daunting, but Finch made the progress payments and turnkey structure completely transparent. We couldn't have built our dream home without them."— Mark & Lisa Thompson, Christchurch, New Build Buyers
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Written by Mukhtar Kiyani
Director & Financial Adviser · FSP1011206 | FSPR FSP1011125
Mukhtar has 15+ years of financial advisory experience across NZ mortgage lending, investment structuring, and first home buyer guidance. He founded Finch Mortgages with a mission to make expert, transparent mortgage advice accessible to every Kiwi. Based in Auckland, advising clients nationwide. View Profile →