Are you looking at building a house? There are two types of building loans; most common is through a licenced builder and the other is owner builder. Banks are very reluctant to approve owner builder loans unless you have in depth industry knowledge and have a significant amount of cash or equity to put towards the construction.
The best time to get in touch with Gippsland Finance Solutions is when you are looking at purchasing the vacant land to build your new home on as you need to ensure you are in the correct financial position to build the home. There are more requirements to securing finance with an owner builder loan, but the best way to get advice is to have Gippsland Finance Solutions seek an owner-builder loan for you. As you can see, it’s not straightforward but with our expertise, we can help.