Embarking on a construction project for your new home or a series of homes can be an exciting undertaking. Financing the construction of a home is not always a straightforward process.
The construction process differs from a normal completed property settlement as the loan is paid out in instalments to the builder for each different stage of construction. Oak Lending will arrange a property valuer to inspect the site when the builder requests a payment detailed in the Progress Payment Schedule, which forms part of the building contract between you and the builder.
Oak Lending has the expertise to anticipate what the banks require and minimise the complexity in funding your next development. Speak to us about a construction loan tailored to your specifications for your next project.