House & Land Packages
Whether you're looking to build a brand new home in a new development, or knock down your old home and rebuild, we are geared to help ensure you get the right funding at every step of the way.
We have access to a wide range of lenders who are very familiar with construction funding. You may be eligible to borrow up to 95% LVR towards that next project. Constructing a home requires the funding to be drawn down in stages. This is know as "progressive draw downs" so its important that you can access the money you need quickly and efficiently to ensure there are no delays in paying your builder. We'll also ensure that the lender allows the number of draw downs that your builder seeks and make arrangements for a handful of visits by a valuer to confirm the work is in line with the builders invoices.
In the initial stages of construction, you're normally required to contribute your deposit up-front so we need to ensure that we get the budget right to ensure there are no cost overruns. Normally the process is handled in two stages and with separate loans. The first being the purchase of the land and then afterwards, the second loan being for the construction. They can be blended on completion.
Once you're ready to start we'll need the following documents:
Upon completion of the build, you'll need to supply a Council Occupancy Certificate or equivalent and a copy of your house buildings insurance to enable the final draw down and a final inspection may be necessary.
If you're a first home buyer than we'll also take care of the First Home Owners Grant (FHOG) you may be eligible to receive. So, we'll ensure that you get the benefit of this from the outset together with any concessions on stamp duty if the property is being used as your Principal Place of Residence (PPR). Take a look at our resources tab for a link to the appropriate State Revenue's Office website on these areas.
It's an exciting time and good opportunity to get the home of your dreams, together we'll ensure that the finance is one less thing you need worry about.
We have access to a wide range of lenders who are very familiar with construction funding. You may be eligible to borrow up to 95% LVR towards that next project. Constructing a home requires the funding to be drawn down in stages. This is know as "progressive draw downs" so its important that you can access the money you need quickly and efficiently to ensure there are no delays in paying your builder. We'll also ensure that the lender allows the number of draw downs that your builder seeks and make arrangements for a handful of visits by a valuer to confirm the work is in line with the builders invoices.
In the initial stages of construction, you're normally required to contribute your deposit up-front so we need to ensure that we get the budget right to ensure there are no cost overruns. Normally the process is handled in two stages and with separate loans. The first being the purchase of the land and then afterwards, the second loan being for the construction. They can be blended on completion.
Once you're ready to start we'll need the following documents:
- Copies of the council approved plans, specifications and planning permits
- Copy of the Builder's Insurance Policy
- Copy of the executed Fixed Price HIA/MBA Building Contract
Upon completion of the build, you'll need to supply a Council Occupancy Certificate or equivalent and a copy of your house buildings insurance to enable the final draw down and a final inspection may be necessary.
If you're a first home buyer than we'll also take care of the First Home Owners Grant (FHOG) you may be eligible to receive. So, we'll ensure that you get the benefit of this from the outset together with any concessions on stamp duty if the property is being used as your Principal Place of Residence (PPR). Take a look at our resources tab for a link to the appropriate State Revenue's Office website on these areas.
It's an exciting time and good opportunity to get the home of your dreams, together we'll ensure that the finance is one less thing you need worry about.
