Let's do this!
Embarking on construction or development project is a significant endeavor that requires meticulous planning, expert guidance, and seamless execution.
From securing financing to navigating regulatory requirements, we provide expertise to empower you to build with confidence.
Crafting your vision, building your future!
Build and
Development
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You've got some questions
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The deposit required for a build and development project typically varies but generally falls withing the range of 10-20% of the total project cost. The amount may be influenced by factors such as the type of loan, your financial circumstances, and the lender’s requirements. Your Mortgage Supply Co adviser will assess your situation and help you determine the appropriate deposit amount to secure financing for your project.
When purchasing land and building packages, you have several options to consider. These include buying a turnkey package, where the builder handles everything from land acquisition to construction completion, or opting for a house and land package, where you purchase land separately and then contact a builder to construct your home.
Additionally, you can explore custom build options, allowing you to design a home tailored to your preferences and needs. Fixed price contracts and labor only options are also available. Your Mortgage Supply Co adviser will discuss these options with you and help you choose the one that best aligns with your goals and budget.
In addition to the initial building quote, there are several added costs to consider when building your own home. These may include council fees, building permits, utility connections, landscaping, and potential unforeseen expenses like site preparation or upgrades during construction. Your Mortgage Supply Co adviser will support you in budgeting for these additional costs to avoid surprises and ensure your project stays on track financially.
Yes, many lenders offer interest-only payment options during the construction phase of your build and development project. This allows you to manage your cash flow more effectively by only paying the interest on the loan until the construction is complete.
Once the build is finished, your loan will transition to principle and interest payments. Your Mortgage Supply Co adviser can discuss this option with you and help you choose the repayment structure that best suits your financial situation.
It’s essential to have adequate insurance coverage throughout the build and development process to protect your investment and mitigate risks. This may include construction insurance to cover damage or theft during the building phase, homeowners insurance to protect your property once construction is complete, and liability insurance to safeguard against any accidents or injuries on the construction site. Your Insurance Supply Co adviser can recommend suitable insurance options tailored to your project’s needs and requirements.
Yes, many banks are willing to lend for transportable or kitset homes, although their lending criteria may vary. These types of homes are considered by lenders as long as the meet certain standards and comply with building codes and regulations. Your Mortgage Supply Co adviser can provide guidance on financing options for transportable or kitset homes and help you navigate any specific requirements from lenders.
While it is possible to do some of the work yourself or enlist the help of friends during the build and development process, there are several factors to consider. DIY labor may impact the project timeline, quality of the workmanship, and compliance with building codes and regulations. Additionally, it’s crucial to ensure any work undertaken meets safety standards and does not void warranties or insurance coverage. Your Mortgage Supply Co adviser can advise you on the feasibility and potential implications of DIY labor and help you make informed decisions to ensure the success of your project.
Find your
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1
Choose an adviser
The Mortgage Supply Co have advisers based all across New Zealand. With a wide range of expertise and experience, you’ll be able to find the right advice for your unique situation here.
Click the link below to meet the team.
2
NEED HELP CHOOSING AN ADVISER?
Not to sure where to start and need help finding an adviser to match your goals and needs. Book a chat or contact us now and one of our team will help you navigate this decision.
Novi S
November 2023
I recently had the privilege of working with Owen to secure a mortgage for my dream home, and the experience was nothing short of outstanding. I cannot express how grateful I am for the exceptional service and expertise provided by Owen. I would highly recommend Owen to anyone in need of mortgage services, his commitment to excellence, integrity and personalized care is truly second to none. Owen has made what could have been a stressful process an absolute pleasure. If you are looking for a mortgage broker who will work tirelessly to secure the best possible mortgage for your needs, look no further than Owen Melhuish :-)
Chloe B
February 2024
Carl Mann has been my mortgage broker for the past 2 years and I can't rave enough about him.
He is the most dedicated Mortgage Broker I have had the pleasure of dealing with over the years. He is always quick to answer calls and emails and has a high level of understanding/experience and a fabulous way of communicating to me that I always appreciate.
Carl is goal oriented for his clients and personally puts everything he has into every application he puts forward.
I have passed Carl's details onto many people over the 2 year period I have dealt with Carl and they have always come back to me after the fact and said to me how great he was to deal with. Truly a professional of his trade!
Rebecca B
December 2023
Nicola was absolutely amazing to work with and discussed all our options with us. She was very thorough with looking at our spending and the. Helping us to select the right mortgage package for us. She kept us informed every step of the way and most importantly she believed in us and worked tirelessly to help us achieve more financial freedom. I would most definitely work with Nicola again. She understands that things aren’t always easy. She actively listened to us and used her extensive knowledge and experience to get the job done.
Steph D.
November 2023
We would highly recommend Jess and the team for any mortgage related work. We have used them to refix our mortgage, and when selling our house and purchasing again. They made the process as straightforward as it can be, and were able to get documents issued for a very quick turnaround for our sale and purchase. We will definitely use them again in the future.
Werner P.
February 2024
Awesome, I can't say enough, very professional. Ben did an awesome job for me and it was very quick and he is very good at what he does. I will definitely use him when i purchase another property. Thank you again Ben.
Adam W.
December 2023
Cannot say enough good about working with Jack and The Mortgage Supply Co. From start to finish Jack has been professional, pro-active and helpful. We had no real idea about the process of apply for a mortgage or the in's and out's of the whole house buying process, and Jack was there every step of the way to advise us and guide us to a very happy result.
Would highly recommend his services to anybody who needed them!
Natarsha S.
November 2023
From the moment I spoke with Mel she was incredibly knowledgable and helpful. Her prompt service and ability to make it all so easy was just one of her strengths. I will definitely use Mel again and I highly recommend her, thank you very much.
Melissa W.
January 2024
Rob was fantastic to deal with. He helped us get a new mortgage and re-fix an old mortgage. Great communication, everything was explained thoroughly and easy to work with. I would highly recommend him and will use him for all my mortgages in the future. Thanks for all your help Rob!
Brooklyn O.
December 2023
Shayne's communication and flexibility during our experience made the process so easy and enjoyable. Shayne's positivity and commitment to help his clients made such a huge difference from other mortgage brokers that we have worked with in the past. We really enjoyed our experience and would recommend to others :)
Cath T.
December 2024
Vanessa is the most helpful, professional, delightful person we have ever worked with in regards to borrowing money for real estate. Her service and knowledge is exceptional and she has gone out of her way to get us an amazing deal. Her communication is superb. Thoroughly recommend her. Looking forward to dealing with her again.
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