OUR SERVICES
Construction and Development Loans
At Claremont Financial, we specialise in helping clients turn their property plans into reality. Whether you’re building your dream home or an investment project, we’ll guide you through the process of securing the right construction loan — structured with flexibility, competitive terms, and ongoing support throughout your build.
What is a Construction Loan?
A construction loan is a specialised form of lending designed to fund the building of a new property. Unlike a traditional home loan, your funds are released in stages, in line with your builder’s progress and invoicing schedule.
Here’s how it works:
✅ Staged Funding — You’ll only draw down funds as each stage of the build is completed, reducing interest costs during the build.
✅ Interest-Only During Construction — You’ll only pay interest on the amount drawn, helping keep repayments manageable as the build progresses.
✅ Valuation-Based Lending — Your loan amount is determined based on the land price plus construction cost, or the ‘on-completion’ value — whichever is lower.
✅ Smooth Transition — Once the build is complete, your loan converts to a standard home loan with principal and interest repayments.
What You’ll Need to Get Started
To apply for a construction loan, you’ll need:
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A fixed-price building contract
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Council-approved construction plans
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A contract of sale for the land (if not already owned)
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Quotes for any additional works (e.g., landscaping, pools)
The lender will then arrange a valuation to confirm the expected post-construction value, and assess your application accordingly. Once approved, your builder will submit required documents (e.g., insurance, licenses, stage invoices) to begin drawing down funds.
Support at Every Stage
We understand the construction process can be complex — from council approvals and progress payments to final valuations and loan conversions. That’s why we stay hands-on throughout the build, working closely with your builder, lender, and you to keep things on track.
You’ll always have someone in your corner who understands the numbers, the paperwork, and the timeline — ensuring you’re never left in the dark.
Ready to Build? Let’s Talk.
If you’re planning a new home or investment build, speak to the experts at Claremont Financial. We’ll help you navigate every stage of the process and find a construction loan that suits your goals, timeline, and budget.
Build with confidence. Finance with Claremont.
