mortgage People

When it comes to building your own home it can be one of the most satisfying of life’s experiences when it all goes well. So getting it right is important.
Before you start building – it is essential to do your homework. A clear understanding of the processes including the expectations of your builder and lender will help you make the right decisions. This knowledge will save you time and money – reducing, if not eliminating, frustration and concern.
When you work with Mortgage People, we take care of the whole process by working with a company called NewBuild™.
NewBuild Plan™ is specifically designed for new home construction – reducing risk and providing a complete Finance Management Plan. NewBuild Plan™ acts as your ‘building finance project managers’.

Together we work for you throughout the entire process from arranging your home loan approval to the technical and day-to-day financial management issues. Your home-building experience will be much more fun – and financial risks will be reduced.
features

• Professional financial management – from loan approval right through to hand over of your finished home.
• Flexible lending criteria – with as little as 5% deposit.
• Deferred interest payments – assisting cash flow during construction.
• Additional funds (reserves) – to cover unexpected costs necessary to complete your home.
• Managed progress inspections and payments – paid directly to builder.
• Cost saving systems – reducing legal and progress valuation costs.
• Asset protection – establishing third party guarantee and appropriate insurances during construction.
• Dispute management – assistance and guidance.
• Legal arrangements – managing documentation including Completion Certificate, Code Compliance Certificate and final handover.
• Competitive permanent finance options – Sovereign Home Loans Limited.