Build Your Home

Finance your new build or construction project

Build Your Home

Building a new home is an exciting journey, but financing a construction project is different from buying an existing property. There are progress payments, building contracts, and specific lending requirements to navigate.

Our advisers have extensive experience with construction loans. Whether you're building from scratch, doing a major renovation, or buying a turnkey new build, we can help you find the right finance solution.

We'll guide you through the process, help you understand the different loan structures, and work with you and your builder to ensure payments are made smoothly throughout construction.

How We Can Help

Explain the difference between progress payment loans and turnkey finance

Help you understand what lenders require for construction lending

Review your building contract to ensure it meets lender requirements

Set up progress payment schedules aligned with your build stages

Access the First Home Loan scheme for new builds with lower deposit requirements

Arrange finance for land purchases while you plan your build

Navigate the additional requirements for owner-builder projects

Frequently Asked Questions

With a progress payment loan, funds are drawn down in stages as construction progresses. Typically there are 5-7 progress payments aligned with building milestones (foundation, framing, roof, etc.). You only pay interest on the amount drawn.
First home buyers building new may qualify for as little as 5% deposit through the First Home Loan scheme. Standard builds typically require 20% of the land + build cost. We can help you access your KiwiSaver to boost your deposit.
Yes, we can often arrange pre-approval based on estimated costs while you finalise your plans. Once your building contract is signed and plans are complete, we'll update the application for final approval.
Cost overruns are common in construction. We recommend building in a contingency (usually 5-10%) and discussing this with your lender upfront. If costs escalate, we can help you explore options to cover the shortfall.
Most lenders prefer fixed-price contracts as they provide cost certainty. Some will consider cost-plus contracts with appropriate contingencies. We can advise on what different lenders require.

What Our Clients Say

Nicola was handed over our portfolio after the previous advisor, Karen Hyland left. We believe it was a good start by Nicola as she ascertained all the details we had provided to Karen was still relevant and valid . This includes combing thro a lot of previous documentation and asking questions/ clarifying circumstances and looking at our statements/ savings and expenses, before providing us with options on banks to choose from. She was also able to advise on "when" it would be appropriate to trigger the loan instead of attempting to close a loan accommodation successfully. She also helped in understanding the way the loans were setup in different phases of the build. This was useful as we waited until we had put almost all our savings into this house before pulling the trigger on the loan. This helped up by trimming the principal and the interest rates thereof for which we are thankful. Naturally, this cannot be accomplished without clear , honest and transparent communication on both sides. Thank you for your time and effort Nicola. Laveena and Raj

Laveena D'Souza

Nicola WintersNicola Winters

Lynne was amazing helping us get sorted for our first home. As first home buyers we didn’t know a lot about the process and it was quite daunting but she made it so easy and was super quick to answer any questions. She helped remove a lot of the stress from the process! Would definitely recommend using Lynne as your broker :)

Shannon Harrison

Lynne DentLynne Dent

Roger is very good and understanding of us inexperienced non tech savory clients and was a great teacher as I filled in the forms required. I will be recommending his services and MortgageLab to friends and family.

Malcolm Rowell

Roger FairbairnRoger Fairbairn

Ready to Get Started?

Talk to one of our friendly mortgage advisers today. Our service is usually at no direct cost to you.