Construction loans
Navigate through the complexities of financing your project with a Construction Loan and move forward with your plans.
Planning major renovations, rebuilding, or constructing a new home or apartment complex? Our construction loan options are designed to accommodate the realities of life. If worries about your work history, credit rating, or existing debts are affecting your ability to build, get in touch with us.
Key Features of Using a Mortgage Broker for a Construction Loan
- Access to Specialist Lenders: Brokers can connect you with banks and non-bank lenders that offer flexible construction loan options.
- Tailored Loan Structures: They help design staged drawdown facilities to match your building schedule and cash flow needs.
- Expert Guidance Through Complex Processes: Construction loans involve progress payments and strict documentation — brokers simplify this for you.
- Negotiation for Competitive Rates: Brokers leverage their relationships to secure favourable interest rates and terms.
Considerations
- Detailed Documentation Required: You’ll need building contracts, council consents, and cost estimates — Advisers assist but preparation is key.
- Variable Costs During Build: Changes in construction costs can affect loan amounts, so flexibility is important.
- Progress Payment Management: Funds are released in stages; delays in approvals can impact your build timeline.
- Broker Fees and Lender Conditions: Understand any broker charges and lender requirements upfront to avoid surprises.
Role of an Adviser
Helping Navigate the Journey
Buying or building a home can feel overwhelming, but we’re here to make it simple. Our tailored service supports you every step of the way:
- Market Insights: We keep you informed about the latest loan options from a wide range of lenders, so you know what’s available.
- Personalised Approach: By understanding your goals and financial situation, we match you with loan solutions that fit your needs.
- Application Support: We guide you through preparing and submitting your application, ensuring all documents meet lender requirements.
- Clear Communication: Acting as your point of contact, we handle negotiations and correspondence to keep the process smooth.
- Ongoing Assistance: From pre-approval through to settlement, we’re here to answer questions and provide support throughout your journey.
Ready to take the next step?
Contact us today and start your finance journey with confidence.
