Mortgage Brokers For Construction Loans

Securing funding for new builds or construction loans can be complicated. Let the experts at Laedan navigate the complexities for you. See how we can help

Mortgage Brokers For Construction Loans

Mortgage Advisers For
Construction Loans

Mortgage Brokers For Construction Loans
Mortgage Brokers For Construction Loans

Amongst every type of home loan, housing under construction and new build loans stand out as both exciting and challenging – thus making them the perfect type of loan to speak to a mortgage adviser about!

Construction loans can involve complicated bank policies around valuations, contracts, interest-only periods and more. Our team of mortgage advisers have ample experience in navigating the ins and outs of construction loans and will be your trusted advisor throughout this process.

Building a new build is stressful enough – let Laedan take care of your funding requirements!

Mortgage Brokers For Construction Loans

Why Laedan

Mortgage Brokers For Construction Loans

HIGHLY PERSONALISED SERVICE

You have a dedicated mortgage adviser to advise you through your new build process

CHEAPER RATES

Our team’s extensive networks and experience in the finance sector put us in a great position to secure rates significantly below market

SMARTER STRUCTURING

All of our mortgage advisers have significant industry experience. We know what’s possible and can look out for any traps. This is particularly relevant given the complexities of construction loans

OUR SERVICE IS USUALLY FREE

Our fees are paid by the banks for making their lives easier

Mortgage Brokers For Construction Loans

What We Do

Our team will guide you start-to-finish through the process of securing a construction loan

We help with:

DEPOSIT REQUIREMENTS

LOAN OPTIONS

SECURING

PRE- APPROVAL

VALUATION

REQUIREMENTSS

Our process is simple & straightforward

everything starts with a conversation.

Understanding deposit requirements

Mortgage Brokers For Construction Loans

Our Process.

Mortgage Brokers For Construction Loans

Pre-Approval

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IN DEPTH DISCUSSION

The first step is talking with one of our mortgage advisers. Our team are highly experienced, and can typically give you an outline of what is possible from a single conversation.

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COLLATE INFORMATION

We work with you to collect all relevant information needed in order to make a formal construction loan application.

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SUBMIT APPLICATION TO LENDERS

Based on our understanding of your requirements, we will carefully select appropriate construction loan lenders (bank or non-bank as required) to submit your application to.

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NEGOTIATE & SECURE APPROVAL

We will negotiate on your behalf to obtain the best rates and desired structure (including maximising interest-only flexibility), ultimately securing approval for your construction loan.

Post-Approval

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ONBOARDING

We will oversee the financiers onboarding process for you, and answer any questions your lawyer may have with respect to the loan documentation/structure

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MONITORING

We will monitor your construction loan going forward – particularly where progress payments are required. Your dedicated mortgage adviser will be available to discuss your loan at anytime.

Mortgage Brokers For Construction Loans
Mortgage Brokers For Construction Loans

We are there to hold your hand throughout the whole process and reduce the stress of navigating complex construction loan policies, as well as taking advantages of new build incentives.

Mortgage Brokers For Construction Loans

Common Questions on
Construction Loans & New Build Financing

Is it harder to get a mortgage for a new build?

This depends on your personal circumstances. Securing a mortgage for a new build can involve greater documentation and valuation requirements for lenders, however gaining approval can be just as straightforward as a standard home loan.

In fact, construction loans can actually be easier for some given that many lenders only have a 5% deposit requirement for new build loans.

What percent deposit is required for new build loans?

Depending on the lender and your personal circumstances, it is possible to put down a deposit of only 5% when financing new builds

Ask our team about how this can work for you.

Can you get 100% financing on a construction loan?

Generally speaking, no. Many lenders have a minimum deposit requirement of at least 5% of the construction loan. While you cannot a secure a construction loan with no cash or assets to put towards the purchase, it is a possibility if you have a guarantor that is willing to provide a guarantee supported by a property with equity. This can add an additional layer of complexity in securing your loan.