This article may include information on home building, real estate, home finance and legal related issues in a general way. It is intended for general information purposes only and should not be regarded as legal advice. Highfields Builder Pty Ltd recommends that professional legal and financial advice should be obtained before taking any action on the basis of the general information presented in this publication.
Scott, Bonni and the Highfields Builder team are focused on building strong relationships with customers and delivering outcomes that exceed expectations. The process of building a home can be complex and every customers situation is different. When you build with Highfields Builder you become part of a team committed to delivering the highest standards of excellence in residential home construction, from enquiry through to handover.
We’ve often said that building a home is a time of mixed emotion with customers experiencing great excitement and nervous anticipation. There are many things to consider and where the construction involves finance there are a few extra tasks you need to tick off before securing the loan and locking in a successful build. So, in today’s blog we’re going to explore some key steps towards securing construction finance.
The construction finance market is a crowded place with many banks, building societies, credit unions and smaller lenders offering different rates, products and most notably construction conditions before you secure a loan, and it’s important to note not every lender offers construction finance. It can be a confusing process, so Highfields Builder recommends undertaking some research to ensure the loan will meet your present construction needs and general home loan needs into the foreseeable future.
This article has focused on the construction aspect of lending. Finance relating to land purchases is the subject of another blog. At the time of making contact with Highfields Builder, you may have already purchased vacant land or be planning to do so. Highfields Builder construct homes on customers land and also offer a range of land options to purchase.