Building from the ground up?

Building from scratch can not only allow you to create your dream home to suit your family situation and desired lifestyle, but also help you avoid the arduous house hunting process.

Another benefit for first time buyers is that building a new home can provide a low deposit home loan option, as under current Reserve Bank LVR Rules you will only need a 10% deposit. These loans allow you to choose a section and house design and have it built using a fixed price contract to ensure costs do not overrun.

Whilst the process of building a home can be full of fun, excitement and give you a sense of achievement it can also be stressful and end up costing more than expected. Mortgage Link’s Hawkes Bay Mortgage Advisers or Hawkes Bay Mortgage Brokers are experienced at finding the right construction finance for your build. They will make the process a much more smooth and enjoyable experience and are available to help you through the process from explaining the different types of loans available, what paperwork is required, finalising the loan approval, through to ensuring the progress payments work smoothly.