Finance
Will you be requiring finance to
fund your new home project?
Ask us about the Platinum New Home Owners funding facility.
Features at a glance:
- Lower deposit requirements than most banks - as low as 5% (house and land). Easier loan approval process even if you are self employed or can’t verify income.
- Professional management of the loan during the construction phase - allows you to focus on the building process, without the hassle of managing progress valuations and progress payments.
- Progress payments managed directly to the builder - so you don’t need to get involved in all the stress of making sure the money comes through on time to ensure the builder gets paid.
- An interest reserve reduces any out-of-pocket costs - so monthly interest payments are not required while your home is being built - especially when you have to rent or have another mortgage to pay at the same time.
- Includes owners care items and any cost overruns through upgrades etc. Very often home owners make variations to the contract after the building contract is signed and before the building is complete. Any additional cost associated with these variations can be included as well as the costs incurred by you the owner choosing to carry out other work which normally falls outside of the building contract ie. landscaping, fencing, etc.
- Very competitive loan products - our people have access to several leading lenders who specialise in new home loans at very competitive rates.
- You’ll be covered by the Platinum New Home owners guarantee- providing you with absolute peace of mind.
Makes funding the progress payments so easy and cost effective.
To see if you qualify, click here www.newbuild.co.nz/html/calc.php
To contact a NewBuild representative near you, click here: ian.webb@newbuild.co.nz







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