Home Construction Loans in New Zealand

Simplify Your Home Building Journey with Mortgage Field

Building your dream home in New Zealand involves many steps, from selecting the perfect site, securing building consents, and finalising designs, to coordinating with builders, councils, and contractors. At Mortgage Field, we specialise in handling your home construction loan needs, so you can focus on bringing your vision to life.

Why Choose Mortgage Field for Your Construction Loan?

You’ll already have plenty on your plate managing site selection, council approvals, and contractor negotiations. Let Mortgage Field simplify the financing process. We guide you through every step of your construction loan application, ensuring a hassle-free experience from start to finish.

Get Started with Your Home Loan Application

Starting is simple. Complete a Mortgage Field Home Loan application with your supporting documents. Regardless of where you are in the planning process, our team will provide tailored advice and support to meet your needs.

Once we understand your requirements, Mortgage Field will handle everything from your loan application to the final draw-down, making the process as smooth and stress-free as possible.

How Do Construction Loans Work in New Zealand?

A construction loan differs from a standard home loan. That’s why it’s essential to seek expert advice. We’ll help you understand the details, from managing land loans to navigating varying interest rates for different loan stages.

• Separate Applications: You may need two separate applications—one for purchasing land and another for the house construction. After the second application is completed, the first loan may be consolidated or eliminated.

• Building Timeline: Most New Zealand banks and non-bank lenders require you to commence construction within two years of settling your land purchase. While your home doesn’t need to be finished in that timeframe, construction must be underway.

• Progress Payments: Construction is typically completed in stages, with payments due after each milestone. Your construction contract outlines these payment schedules, ensuring transparency throughout the process.

• Interest Charges: You’ll only be charged interest on the funds drawn down during each construction stage. This means your minimum repayments will vary based on the progress of your build.

Why Mortgage Field?

With expert knowledge of construction loans in New Zealand, Mortgage Field is your trusted partner in securing the best financing options. We’re committed to making your home-building journey as straightforward and stress-free as possible.

Contact Us Today

If you have any questions about construction loans, home loans, or land loans in New Zealand, don’t hesitate to reach out. Contact Mortgage Field today for expert advice and personalised assistance with your home construction financing needs.