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
“Johnny was really concise with his explanation, made the process easy to understand. He does not hesitate to answer any questions (how silly it may sound) at any time. He ensures I am comfortable with my knowledge to take the next steps. Would not hesitate to ask for his advice again for my next properties”
Claudia P
Johnny Angkiriwang“Nicola was great! Really open, understanding, and really took the time to ensure we felt supported and understood everything throughout the whole process. She was approachable and considerate, even when asking, what might seem like, "silly questions"”
Sarah Smith
Nicola Winters“My wife and I used Michael to obtain a new mortgage for our dream property. Michael was brilliant, communicative and importantly got the deal done. It would be fair to say that we more than made him work to get the deal done as it was a complicated multifaceted deal to enable us to sell and buy in a difficult market with a non standard deal. I wouldn't hesitate to recommend Michael to others looking to obtain a new mortgage or to refinance and we couldn't be happier in the deal we got or in our new property.”
Quentin O'Brien
Michael ShrubsallReady to Get Started?
Talk to one of our friendly mortgage advisers today. Our service is usually at no direct cost to you.