We'll help you fund your new build or renovation

Sure Lending Solutions is your trusted partner for accessing Construction Loan options from banks and lenders across Australia. Whether you're planning a new build in Sydney or embarking on major home renovations elsewhere, understanding construction loans is crucial. These loans are tailored to help you finance various stages of your project, ensuring you maintain momentum without financial strain. With our streamlined application process, we aim to simplify your journey so you can focus on making your dream home a reality.

One of the main benefits of construction loans is their progressive drawdown feature. Unlike traditional loans, you only draw funds as needed, paying interest solely on the amount drawn down. This structure helps manage costs effectively, especially when dealing with construction milestones and progress payments. For instance, progressive drawdowns can be particularly advantageous when you need to pay sub-contractors like plumbers and electricians as work advances. Coupled with interest-only repayment options during construction, this means lower financial pressure until your project is complete.

Another critical aspect of construction loans is understanding the Progressive Payment Schedule and ‘as if complete’ valuation. This valuation considers the property's value once construction is finished, allowing for accurate loan amounts to be set from the outset. It's essential to meet council plans and permits requirements, ensuring that your development application aligns with local council regulations. Whether you're buying off the plan or planning to demolish an existing property, having a comprehensive plan in place is key. Considerations such as council restrictions and selecting suitable land within your ideal location and price range must be factored into your project.

When applying for a loan, it's important to account for Out of Contract Items not included in the initial agreement. These may involve additional payments for unforeseen expenses or upgrades during construction. A clear understanding of these costs helps prevent budget overruns and ensures smooth progress through various stages of the project. If you’re considering a home improvement loan or looking into new builds, our team at Sure Lending Solutions can guide you through these intricacies with ease.

Furthermore, construction loans typically require that you commence building within a set period from the Disclosure Date. This stipulation ensures that your project remains on track and aligns with financial expectations set by lenders. Once construction begins, it is crucial to adhere to agreed timelines and Progressive Drawing Fees that may apply. Ensuring that your registered builder remains on schedule with construction milestones will help in avoiding unnecessary delays and additional costs.

In summary, accessing Construction Loan options from banks and lenders across Australia can be a strategic move for achieving your property goals. With Sure Lending Solutions, you can benefit from a streamlined application process tailored to your needs, whether you're building a new home or undertaking significant renovations. Our expertise ensures you manage your project’s financial aspects efficiently, allowing you to focus on creating the perfect space for your family. Contact us today to make a plan and unlock the potential of construction loans for your next project.