We'll help you fund your new build or renovation
At G&T Finance, we understand that embarking on a construction project, whether it is a major home renovation or a new build, is an exciting yet complex journey. Located in Perth, we are dedicated to helping our clients access Construction Loan options from banks and lenders across Australia. Our services are designed to make applying for a loan straightforward, ensuring that you can focus on bringing your vision to life. With our expertise, you can explore options that suit your ideal location and price range, while considering factors such as council regulations and suitable land.
When considering a construction loan, it is important to understand the unique features that differentiate it from other types of loans. One of the primary benefits of a construction loan is the progressive drawdown feature. This means you only draw funds as needed at various stages of the project, such as when paying your registered builder, plumbers, electricians, or other sub-contractors. You will only be charged interest on the amount drawn down, making this an efficient way to manage your finances. Additionally, the loan allows for interest-only repayment options during the construction phase, giving you greater flexibility.
The streamlined application process we offer at G&T Finance makes applying for a loan less complicated. We guide you through each step, from the initial application to managing the Progressive Payment Schedule. This schedule is crucial as it aligns with construction milestones and ensures funds are available when needed for progress payments. Our team will also assist with understanding council plans and permits, ensuring that all aspects of your development application are in place before you commence building within a set period from the Disclosure Date.
Another key aspect of construction loans is the 'as if complete' valuation. This valuation considers what your property will be worth once construction is finished. It plays a significant role in determining your loan amount and helps avoid surprises later in the process. Moreover, our services include advice on dealing with Out of Contract Items not included in your original agreement, ensuring you are prepared for any additional payments that may arise.
For those considering buying off the plan or needing a home improvement loan, understanding the Progressive Drawing Fee and how it applies to your situation is essential. We provide insights into council restrictions and regulations to ensure your plans to demolish an existing property or build on suitable land are compliant.
In summary, G&T Finance is committed to helping you access Construction Loan options from banks and lenders across Australia, tailored to your specific needs and circumstances. Whether you are planning a new build or undertaking major home renovations, our expertise ensures you are supported throughout the entire process. Contact us today to make a plan that turns your dream into reality while keeping within your budget and timeline. Let us partner with you for the long term as you create a space that fits your vision perfectly.
