New builds & construction
Progressive payments without chasing funds at every stage
Buying from plans or building with a progressive loan is a different path to an existing home. We structure construction lending so money is there when the builder needs it — and you understand peak debt before you sign.
How a new-build loan journey works
Pre-approve for peak debt
Know the maximum you'll need at the highest draw-down — not just the deposit — before you go unconditional.
Match loan type to the build
Progressive draw-downs for staged builds; turn-key funding closer to completion; house-and-land packages with clear land vs build timing.
Coordinate the professionals
Adviser, solicitor, builder and insurer need the same timeline — especially if pre-approval expiry and build delay collide.
Settle and refinance if needed
On completion, some buyers refinance from a construction facility onto a standard home loan. We plan that early.
Watch-outs
What trips buyers up
General information for New Zealand buyers — every contract and lender differs. Get advice before you sign a build agreement.
Sunset & delay clauses
Off-plan deals can stretch. Know what happens if completion slips past your rate lock or pre-approval window.
Deposit timing
Developer deposits, land settlement and KiwiSaver timing rarely line up by accident — map cash needed at each step.
Valuation & LVR quirks
New builds can attract different LVR and valuation treatment than existing homes. Policy varies by lender.
Variation costs
Build variations can push the final price above your approved amount. Leave headroom or a clear top-up plan.
Recommended journey
- Read the new-build lending guide
- Run a rough repayment check on peak loan size
- Book a chat before signing the build or SPA
- We arrange progressive or turn-key structure with your lender
Talk before you sign the build contract
Bring the draft agreement, deposit schedule and any developer incentives. We'll sense-check peak debt, timing and whether a new-build rate package is worth more than a cash sweetener.
Book a free chat Construction lending services