New build home finance anywhere in New Zealand
At the best home loan interest rates for you
If you’re building a new house – whether in Auckland, Papamoa or Hamilton – it’s LoanPlan’s job to get you the sharpest possible mortgage interest rate from the best bank based on your needs, now and in the future.
At LoanPlan, we aim to help you:
- Find the best lender for your needs
- Get the best mortgage interest rates for your new build
- Achieve the lowest possible deposit according to your situation
- No progress interest payments if you don't want it
- The best advice for your personal circumstances
- All projects handled, from ‘home and land’ packages, fixed price turnkey and customised builds
Fewer restrictions and Government new build subsidies
The first thing to be aware of is that the Reserve Bank’s Loan-to-value ratio restrictions are less of an obstacle for first home buyers and property investors undertaking new home builds, so it’s an easier way to get into a new home in Auckland.
Another benefit of building finance is that it’s possible you may be eligible for double the amount under the Government funded Welcome Home Loan scheme (than you would if they were buying an established property).
Personal solutions for your needs
Beware of cookie-cutter solutions when it comes to financing your new build, because every single person’s situation is different. It is important to understand what your current and future financial position is likely to be (including your plans for the future), and negotiate the best deal for you based on that.
For example, are you planning a family? Are you expecting an inheritance in the future? Do you have to pay rent while your new house is being built? Is it a home and land package? Or do you plan to buy the land first and build from scratch?
All of these will influence how you structure your new build mortgage loan.
Work with an experienced New Zealand mortgage broker
LoanPlan has more than 20-years-experience in helping people through their new home construction projects; we’ve seen it all and will be able to advise you on how to get the best out of your new build finance – whether it’s building with a house and land package or an entirely new property development.
What are your options?
It is very important that you make sure they go with reputable builders who are backed by guarantees. Most banks will want to see a fixed price contract from a reputable builder (certified or Master Builder), so who you choose to build your home will affect your funding and the level of debt the bank is prepared to provide.
Talk to LoanPlan today about your construction plans, including:
- Construction loan or home loan
- Turnkey (home and land packages)
- Build only
- Partial contract
- Fixed price contracts
- Customised developments