Build, Construction or Renovation Loan Auckland

Building or Renovating

How to get a mortgage for a New Build, Construction or Renovation Loan

We specialise in mortgage finance for all types of build loans for both owner-occupied and rental investment properties.

We have worked with many individual builders and franchise build companies throughout Auckland and understand how they operate.

We will walk you through each step of the build process and explain:

How each type of build loan is funded –

Buying off the Plans & Turn-Key Build Contract
Land and Build Contract
Labour Only Build Contract
Renovation Loans
Re Clad loans

How the flow of money works –

Land deposits
Build Contract deposits
Off the Plans & Turn-Key build deposits
Progress Payments & progress payment invoices
Final Payment requirements
How to minimise costs during the build

What information the banks will need for a build loan –

Sale & Purchase Agreement
Build Contract & Builders Risk Insurance
Consented plans, permits, and specifications
Registered Valuations
New Title for the land
Code of Compliance for the build

What Types of Mortgages are Provided –

Back My Build
Blueprint to Build
Deposits secured against existing property
Interest Only Progress payments
Interest Only mortgages for land purchase

The best part is my services to you are free.

I work as your advocate and ensure you get the best advice and mortgage for your situation.

I am only paid a commission from the bank once your mortgage is secured and has successfully advanced.

This is just a brief summary to give you an idea of what the process looks like for building a new home, building, and rental investment property, or renovating. If you are ready to get started or want to ask a few more questions, contact me today.

My role is to walk you through the mortgage process, ensure you get the right mortgage, and have a financially stable future ahead of you.

You don’t need to commit this to memory, but below is an overview of what my process looks like for building or renovating your new home:

Meeting and Chat

Every build or renovation proposition is different, so I take the time to understand you and your situation, so we can prepare the right supporting documents for the bank

Set up for Mortgage Application Success

One of the biggest parts of my job is making sure your application is complete and attractive to the banks to approve the loan. Particularly with new builds & renovations loans. Often pre-approval is sought upfront to ensure funding is available for the project prior to undertaking completion of plans and apply for building consents.

Summary and Action Steps

I get it, it’s a lot to remember. After our first meeting, I will send you a summary that you can refer to at any time, plus a list of the action points we need to take to get ready for the next step.

Home Ownership Budget

Indicative home ownership budgets will be presented along with quotes for homeowners’ insurance to demonstrate that the budgeting for a new home has been well thought out and established.

A Home Buyers Financial Assessment

There are several hidden costs that come with building and renovating that may need to be financed. To ensure you are fully prepared for these costs we do a financial assessment to ensure all costs are included and then ensure you get the right finances in place.

Options for Deposits

First time home buyers are in a unique situation to utilize many different options to raise funds for a deposit. This includes grants, kiwi saver, family guarantees, and much more. I will ensure no stone goes unturned to find the best deposit option for you.

Existing homeowners may need to sell a property or use the equity in an existing property to obtain deposit funds.

New Build & Renovation Checklist

There are several important steps when undertaking a build or renovation. These are often time-sensitive and should be met to avoid delays. To help keep things on track, I offer a full checklist of steps and timeframes that need to be met. You will never be unsure of where we are in the process.

This is just a brief summary to give you an idea of what the process looks like to prepare for a mortgage. If you are ready to get started or want to ask a few more questions, contact me today.

CONTACT ME

Testimonials

Oliver helped me with every step of my first home purchase. He's very responsive and helpful. Definitely saved me a lot stress and work 🙂 I'd recommend to anyone looking to purchase a house.

mejsnarp
26/02/2021
Oliver brought our dream to reality. He is amazing.

Iran Lover
07/11/2021
Working with Oliver was great! We felt like we had constant support throughout the journey, which is quite overwhelming for a first home buyer. We would highly recommend working with him.

Chris Morgan
28/02/2021
Oliver is truly the best broker we have ever used. He assisted us with new build home loans, commercial finance and finance. He is super knowledgeable, helpful and honest. We have used Oliver for many years. He helps you every step of the way.

Lara Kamionka
15/05/2022
I gotta give a shoutout to Oliver, our mortgage broker, who absolutely killed it when it came to our mortgage application with the banks in NZ. One of us is self-employed, and we were worried about securing a mortgage as we weren't successful 18months ago with another broker. But Oliver put our minds at ease with his expertise. He was super responsive and kept us updated throughout the process and give us hope of buying our first home. He even took the time to answer all our questions (and trust me, we had a lot!). In the end, Oliver secured us the home lone with the bank and found us an amazing rate that totally exceeded our expectations. We couldn't be happier with the service he has provided. If you're looking for a mortgage broker who's professional, reliable, and just all-around awesome, then Oliver is your person. Seriously, give him a call - you won't regret it!

suchit kaushal
03/04/2023
Thanks to Oliver's help, my partner and I were able to purchase our first home. He was so incredibly helpful, answered all of our questions and gave good, solid advice. We really wouldn't have achieved this milestone without him and couldn't recommend him more!

Olivia Day
27/06/2023
Oliver was fantastic and stuck with us through a very long process.

Craig Hurley
16/12/2021
We found Oliver to be very approachable when assisting us with our home loan enquires. Oliver gave us an explanation around all the options we had available and we did not feel pressured into having to take any specific options which can sometimes be the case. We even had some documents hand delivered for signing at our residence as we could not get to the offices at that very moment. Thank you Oliver.

J C
01/11/2022
Oliver was unbelievable in helping us buy our first home. He was there every step of the way and was on hand to answer any questions we had. I don’t think we would have gotten our home without his help. Really nice to work with, highly recommend him.

Shane Chambers
31/08/2023
I recently purchased my first home. It took 8 months to find the right house in the current market. Oliver patiently assisted me through the entire process. I found Oliver to be extremely knowledgeable, helpful and was very prompt on communication with the many queries I sent to him. I highly recommend his services.

Hanna Marshall
24/03/2021