Construction Loans

Construction Loans, New Build and Section Purchases, we can help you with them all.

These can be tricky with various criteria and processes to satisfy the lenders. It pays to talk to us about your situation. Normally you can borrow up to 95% of the total cost of the section and build. You can use our online mortgage calculator to work out your repayment options, too.

Banks prefer you to have a full ‘turn key’ with high borrowing ratio (eg 90%) contract with a registered master builder. It pays to shop around a few reputable building companies once you know exactly what you want.

Go through each room in fine detail in terms of expected specifications and PC sums (how much the builder has allocated towards different parts of the build eg kitchen).

Here is a guide to the resource and building consent process, resource-and-building-consent-processes.pdf (3.57MB), this guide outlines the different steps you need to do to get your consents for your building project.

Questions? Email our mortgage advisers at [email protected] or call 0800 000 518.