Construction Loans

Construction Loans

Building a new home or undertaking a substantial construction project requires a different loan structure from purchasing an established property. LNO Mortgages can help you understand how construction finance works and assess lenders that may suit your project.

Construction loans are generally released progressively through a series of payments, known as progress payments, as different stages of construction are completed. The lender will normally require documentation including building contracts, plans, specifications and valuations before and during the construction process.

We can help assess your borrowing position, land and construction costs, deposit or equity contribution and the proposed loan structure before submitting an application.

Our role is to help coordinate the finance process, explain lender requirements and assist you through the lending stages from approval through to construction completion.