Construction guide
Construction Loans Explained: How Does Building Finance Work?
Understand staged payments, valuations and the documents commonly involved when building a home.
Offset Mortgage · Plain-English mortgage information
Funds are released in stages
Construction loans commonly pay the builder at agreed milestones rather than releasing the full loan at once.
Documents and valuation
A lender may require plans, specifications, permits, a fixed-price building contract and a valuation of the completed property.
Prepare for changes
Variations and cost overruns may need to be funded separately. Confirm the process before approving changes to the build.
