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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Choosing the Right Builder: What to Look For in NZ
Better Budget: Smoke Alarms
What Our Clients Say
“Lily is very helpful. Always prompt response.”
Stella Fan
Lily Li“Susan is an awesome adviser. She goes over what is required based on your needs. She has been very helpful to us securing a new loan and also restructuring our existing ones, getting the best deals. She is very easy to communicate with. She ensures our loan-related queries are answered and understood perfectly well by us. She guides you all the way of the process. Her email replies are quick too! Susan is best at what she does, going well beyond what we anticipated and expected.”
AR
Susan Wu“It is no exaggeration to say I don't know where we would be without Roger! Literally available round the clock and so much more helpful than our lawyer(s)! Made a stressful experience that bit more enjoyable. I cannot recommend him enough. So glad we found him!”
Emma & Jonnie
Roger FairbairnReady to Get Started?
Talk to one of our friendly mortgage advisers today. Our service is usually at no direct cost to you.