Our Building Loan Offer
Wanting to build your dream house or revamp your home? A building loan can provide you with the finances you need to make it happen, as well as improve the overall value of your property.
Finance additions and renovations to an existing home.
Finance the constriction of a house on vacant land.
How do I know if I qualify for a building loan?
You qualify if you meet the following criteria:
- You must be at least 18 years old.
- You need to have a good credit record.
- The finance must be used to build or alter a residential property.
- The contractor must be registered with the NHRBC (National Home Builders Registration Council) for all new dwellings.
- You will need to pay a deposit up front, which is usually 10% of the cost of the project. However, as with home loan applications, you have the option of applying for a 100% bond, which removes the need for a deposit but means higher monthly repayments.
