Build Your Home
Finance your new build or construction project
In brief
New-build finance can differ from a standard home loan because the lender may release funds in stages as construction milestones are completed. An adviser can help you compare turnkey and progress-payment structures, understand lender conditions, review the finance implications of your building contract and plan for valuations and cost changes.
Mortgage Lab helps New Zealand buyers arrange finance for new builds, construction loans, turnkey purchases, land, and progress payments.
Building a new home is an exciting journey, but financing a construction project is different from buying an existing property. There are progress payments, building contracts, and specific lending requirements to navigate.
Our advisers have extensive experience with construction loans. Whether you're building from scratch, doing a major renovation, or buying a turnkey new build, we can help you find the right finance solution.
We'll guide you through the process, help you understand the different loan structures, and work with you and your builder to ensure payments are made smoothly throughout construction.
Information sources
Information checked 28 July 2026. Lending and eligibility criteria can change.
How We Can Help
Explain the difference between progress payment loans and turnkey finance
Help you understand what lenders require for construction lending
Review your building contract to ensure it meets lender requirements
Set up progress payment schedules aligned with your build stages
Access the First Home Loan scheme for new builds with lower deposit requirements
Arrange finance for land purchases while you plan your build
Navigate the additional requirements for owner-builder projects
Frequently Asked Questions
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What Our Clients Say
“Lynne was fabulous from the start of our journey. She was very patient with us and compassionate, and worked really hard with the bank to get the finance we needed. We really appreciate Lynne, as we are a very unique case, goes to shoe how much expertise Lynne has. Thank you so much Lynne, it means a lot!!!”
Michelle Alexander
Lynne Dent“Where to start? Christiana is amazing, pure and simple, she is considerate, compassionate, but totally outcomes focused and understands where you as a family, want to go. The process was easy, stress free, and we've already recommended her to so many people. Christiana, I cannot thank you enough!!!”
Stephanie Richardson
Christiana Pollock“Johnny Ang is very responsive and expert in his field. I am very grateful for his ongoing support and professional advice for our property/future investments. He lays everything out simply and trustworthy. Two thumbs up for Johnny! He makes everything real peace of mind!”
Ready to Get Started?
Talk to one of our friendly mortgage advisers today. Our service is usually at no direct cost to you.