NewBuild Home Loans

05/10/2023

10% deposit with progress payments to your builder - talk to a NewBuild advisor today to see if you qualify or check your affordability via our website!

23/05/2023

Another successful build! Check out what our clients have to say our the Newbuild Team!

We are writing this to thank the New Build Team, specifically Karen, who has been with us throughout our building journey, and even on the day we moved in, and still alongside us, with guidance, advice, and encouragement.

Being new to the housing market in NZ, and building our first NZ home, we had no idea how it operated, how to arrange finance, Kiwi Saver etc. Coming from South Africa, where it is totally different, this was totally a new thing for us. All the staff at New Build are organized, capable and approachable, initially Douglas who collated the paperwork, evidence etc., then to Monica and Karen, all of it was smooth sailing, and fast. Whilst our house was being built, we were kept informed along the way, and knew exactly how things were progressing, how the finance looked and kept in the loop.

What stands out is Karen’s knowledge of the markets, the process, and most importantly her genuine caring nature, she was excited for our adventure of building a Home, and would check in, I would share photos of the progress, and then once we had moved in she gave a little while, and rung us up to discuss the mortgage and the way forward, and 6 months later rung again to check in. Karen is approachable and we’ve never felt that we are asking a silly question. When you ring her or send through an email, you get a response pretty much straight away, which is proof of her passion for her job.

We know and trust Karen and the New Build Team, that they will always be available when we need assistance, and do genuinely care about their clients, you are not just a client number to them.
I have and would recommend New Build to anyone looking to build a home, as the statement on their website states:

“Build your future with NewBuild. There’s no better time to build. NewBuild is New Zealand’s specialist new home loan provider. We make building a home easier, simpler and safer.”

This is 100% true, its not just a slogan!

Thank you, Karen, for all you do for us! We appreciate you!

07/03/2023

Fixed-Price build contracts are back!

A number of mainstream Kiwi builders are now back to offering fully fixed-price build contracts as material costs stabilize. With less risk of cost increases, now may be the perfect opportunity to look again at construction lending. Tax-deductibility for investment builds and lower deposit requirements than existing homes are even more reason to build.

Check out our free and easy pre-qualifying calculator to check your affordability or speak to a NewBuild advisor today.

27/01/2023

Most major banks in New Zealand will require you to reapply every 3 months to renew your turnkey loan approval. NewBuild has access to specialist lending criteria through ASB Go Home Loan allows you to document your loan approval for 12 months, providing sufficient time for your builder to complete the home and allow you to move in. Better yet – you just need to put down a 10% deposit to secure your build! T’s & C’s apply.

Contact a NewBuild advisor today to get started!

19/01/2023

Residency Visas. What’s changed and how does it affect you?

For a long time, residency status has played a major part in determining deposit requirements in lending assessments. New Zealand remains an attractive destination for new migrants who are looking to build a new future, so the recent relaxing of deposit requirements for resident visa holders (in some cases as low as 10%) and the easing of lending criteria is a welcome change that could have long lasting effects for generations of new Kiwi’s to come. Applies to owner-occupied homes only.

Contact a NewBuild advisor today to see what you qualify for.

12/12/2022

Start with “Why”

Why do you want a new home? Is it to become financially independent, create a steady stream of passive income, retire early, build a nest egg for retirement, end the days of paying rent to the landlord?

Whatever your “why” may be, NewBuild has the experience and expertise to make it happen. Here at NewBuild we believe in the value of setting goals at the start of your journey and understanding why you want to do it. This can help you stay accountable in the long term and focus your attention on tasks in the short term, such as repayment short-term debts for example.

Perhaps you want to build a nice nest egg for retirement so you can live comfortably – this is a long-term goal and owning real estate is a good way to do that. Not only do you earn a steady passive income stream from the rental income, but with appreciation of the property over time, your investment is likely to increase in value.

Get in touch with a NewBuild advisor today to build your future or complete our FREE qualifying calculator to find out what you may qualify for - https://www.newbuild.co.nz/loan-qualifying-calculator

14/11/2022

New changes to lending criteria just announced make purchasing a home far more accessible, particularly for those on a New Zealand Resident visa!

Get in touch with a NewBuild advisor today to know more!

27/10/2022

Not all debt is the same, but will impact your loan application nevertheless...

We get it, life happens and you often need to take out credit to get by. It happens. Just try not to make it a habit and only use credit when you need to. Saving up and making necessary purchases with your own savings is a very good habit to get into, and looks good to the lender!

Quick tip: Keep your credit card limits low, but just enough to be confident in your ability to pay your bills. The bank looks at your overall limits as you have the ability to full draw down the available funds at any moment. The lower your limits, the higher your capacity for a home loan.

19/10/2022

Managing risk is the key to a successful build and NewBuild has the experience you need.

Some of the questions you should be asking yourself:

Do I have enough money to finish the build?
Is my deposit protected?
Is my builder’s invoice fair and reasonable?

NewBuild’s unique lending criteria and our industry-leading build management process ensure that what works on paper will work in reality.

For more information on how NewBuild can safely manage your build from start to finish, get in touch with one of our advisors or check out our qualifying calculator online
https://www.newbuild.co.nz/loan-qualifying-calculator

14/09/2022

Want to go halves? Consider co-borrowing to get into a new home.

Applying as a co-borrower with a friend or family member is now much more common and with the right structure can be an effective pathway to home ownership.

Property prices seem to be easing but the banks’ lending requirements are still restrictive. Now may be the time to switch tactics to get on the property ladder.

Explore your affordability with your friend or family member here https://www.newbuild.co.nz/loan-qualifying-calculator

12/09/2022

Attention property investors – if you are thinking about using your equity for an investment home, NewBuild can help.

Investment builds are a prime opportunity to build capital, increase cash flow, and, under current government policy, take advantage of tax deductibility benefits. You can even utilise equity in your existing properties to fund your investment build. And, with NewBuild, you get the benefit of no payments until the build is complete* (T's & C's apply)

Check your affordability below or give us a call on 0800 NEWBUILD.
https://www.newbuild.co.nz/loan-qualifying-calculator

01/09/2022