Planning a New Build? Here’s What You Need to Know
Building your own home can be one of the most rewarding ways to get into the property market. But when it comes to funding the build, most banks have strict rules, tight timelines, and a one-size-fits-all approach that doesn’t work for everyone. That’s where we come in.
As a mortgage broker Tauranga home buyers trust, we help structure your home loan across each stage of the build—so your finance fits your build schedule, not the other way around.
Traditional Build or Design-and-Build Loans
Why Build Loans Are Structured Differently
When you build from scratch or do a major renovation, your loan gets paid out in stages. These stages are called “drawdowns” and match the progress of your build. That means you don’t borrow the full amount at once—and your repayments are lower until the build is finished.
But different banks have different rules. Some will only finance fixed-price contracts. Others require more equity or want your full plans and consents before approval. We know what each lender needs—and we help you get it right first time.
Already own the section in Bethlehem? We’ll show you how to leverage your land equity to get started faster.
House-and-Land Package Finance
Our 3-Step Process for Structuring Your Build Loan
- Initial Chat & Budget Mapping: We sit down to understand your section, build plans, and how much you want to spend.
- Lender Comparison: We compare banks, non-banks, and building-friendly lenders to match your timeline and deposit.
- Pre-Approval & Drawdown Setup: We help you get pre-approval upfront, and ensure the drawdown structure is locked in with your builder.
This isn’t a cookie-cutter loan. It’s tailored advice from someone who knows how builders and banks work.
Let’s Get Your Build Started
If you’re building in Tauranga—whether it’s Bethlehem, Pyes Pa, or Papamoa—we can help you finance it the smart way. No call centres, no delays, and no jargon. Just local advice and a proper build strategy.
We also help clients secure construction loans, self-employed loans, or finance for property investors doing new builds.
Book a free chat with Eddie Biesenbach today and let’s get your plans off the ground.
How does a construction or build loan work in Tauranga?
A construction loan releases funds in stages as the build progresses — foundations, framing, lock-up, and completion. You usually pay interest only on the money drawn so far, keeping early repayments manageable.
How much deposit do I need for a new build in Tauranga or the Bay of Plenty?
Most lenders currently require between 10 % and 20 % deposit, depending on the project and your financial profile. We’ll compare options across major banks and non-bank lenders to find the most flexible solution.
Can I get a construction loan if I’m building in Papamoa or Mount Maunganui?
Yes — location isn’t an issue. We regularly help clients building in Tauranga, Mount Maunganui, Papamoa, and throughout the Bay of Plenty. Lending policies may differ slightly by region, so we’ll guide you through the best lender for your build.
Do I pay interest during the build?
Yes. Most construction loans are set up as interest-only until your home is complete. Once the Code of Compliance is issued, the loan usually converts to a standard principal-and-interest home loan.
What documents do I need to apply for construction finance?
You’ll generally need a fixed-price build contract, registered valuation, building consents, builder insurance, and evidence of your deposit. We’ll help prepare and submit all paperwork correctly to avoid funding delays.
