Construction loans are required when considering the building of a home on vacant land. The key lending requirements that need to be satisfied are that the building contract needs to be a "fixed price" contract from a registered builder and that plans and permits are council approved. Many lenders will allow lending up to 95% of the total estimated end value of the property. We can ensure that this process flows smoothly with the ability to liaise between your builder and the lender during the entire construction phase.
