​Construction Loan

How much can I borrow on a construction loan?

Most lenders are willing to lend up to 80% (Owner occupied) or 60% (Investment) of the value of your property upon completion. Building a house can end up costing more than what was originally anticipated. The costs may fluctuate due to delays caused by the weather, unavailability of labour and building materials, council requirements, changes to your home plans/drawings or a number of other unforeseeable circumstance. 

What documents are required for approval of construction loan?

• House plans.
• Fixed price building contract.
• Building consent approval.
• Resource consent approval. 

• Registered valuation.
• Builder risk insurance.
• Rental appraisal.

What costs are involved in building a home?

• Architect's fee.
• Purchase of land.
• Resource Consent. 
• Building Consent. 
• Electricity, gas, and water meter connectivity. 

• Construction costs.
• Valuation costs. 
• Legal costs.

Banks VS Non-banks

1. Lower interest rates and fees.
2. Fixed price building contract.
3. Strong builder background. (Master builder)
4. Experienced Quantity Surveyor.
5. Progress payments.​

Please contact us for further information.