What Is a Construction Loan
A Construction Loan is for borrowers wanting to build a residence. Some Mortgage
House construction loans allow you to use the mortgage loan to purchase the
land first and then construct a residence on it within the given timeframe
(normally 2 years).
Mortgage House also offers land only loans which allow you to purchase just the
block of land, without having a building contract or council approved plans.
Aimed solely at borrowers building a residence, the Mortgage House Construction
Loan features an interest only mortgage repayment structure during the
construction process (with up to 2 years finance of the land before
construction), and principal and interest mortgage repayments after
construction has completed.
Click on one of the Construction loans below for further details
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