We'll help you fund your new build or renovation
Building or renovating a home is a significant step, and having the right financial support can make all the difference. At Laneer Finance Group, we specialise in helping Australians in professional service industries and business owners access Construction Loan options from banks and lenders across Australia. Whether you're planning major home renovations, a new build, or buying off the plan, we offer a range of solutions tailored to your needs. Our goal is to ensure a smooth and efficient process, allowing you to focus on your project with confidence.
When it comes to construction loans, understanding the intricacies can be vital. A key aspect is the progressive drawdown system, which provides funds in instalments at various stages of the project. This means you only pay interest on the amount drawn down, offering significant savings. Additionally, our loans often include interest-only repayment options during construction, giving you more flexibility with your finances. Whether you’re working with registered builders, plumbers, or electricians, having the right financial structure helps you manage payments to sub-contractors efficiently.
Applying for a loan with Laneer Finance Group involves a streamlined application process designed to make it as straightforward as possible. We'll help you through the paperwork, including council plans, permits, and development applications, ensuring compliance with council regulations. Our expertise ensures that all necessary documentation is in place, whether you need to demolish an existing property or deal with council restrictions on suitable land.
One of the essential elements of construction financing is the Progressive Payment Schedule. This schedule aligns with construction milestones and allows for progress payments throughout the building process. An 'as if complete' valuation is used to assess the property’s value at each stage, ensuring funds are released appropriately. We also provide guidance on handling Out of Contract Items not included in the initial agreement, helping to avoid unexpected costs.
Laneer Finance Group supports you in making a plan that considers your ideal location and price range. We understand that commencing building within a set period from the Disclosure Date is crucial, so we work closely with you to adhere to these timelines. Additionally, we can assist in understanding any Progressive Drawing Fees involved and how they fit into your overall budget.
For those embarking on new builds or major renovations, our expertise ensures you have access to the right Construction Loan options. With our extensive network of banks and lenders across Australia, we're well-placed to find competitive interest rates and loan amounts that meet your specific needs. Our tailored approach means you'll have the financial backing to achieve your dream home while keeping track of additional payments as required.
Choosing Laneer Finance Group means partnering with a team dedicated to making your construction journey successful. We provide comprehensive support throughout the process, from initial planning through to completion. With our assistance, accessing Construction Loan options from banks and lenders across Australia becomes straightforward and stress-free. Contact us today to explore how we can help bring your vision to life.
