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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Tips and insights to help you on your journey
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New Build vs Existing Home: Which Is Right for You?
Building on a Sloping Section: Costs and Considerations
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Choosing the Right Builder: What to Look For in NZ
Better Budget: Smoke Alarms
What Our Clients Say
“Somesh at The Mortgage Lab was absolutely amazing. He was incredibly helpful from start to finish, guiding us through every step of the process. Throughout the wait to hear back from the banks, he remained positive, reassuring, and supportive. Somesh is calm, professional, and an absolute pleasure to work with. No question or concern was ever too much trouble, and he was always happy to help, no matter the time of day. Thank you, Somesh, for your guidance, support, and dedication in helping us achieve our goal of owning our first home. We are so grateful for everything you’ve done for us and wish you nothing but continued success in the future. ⭐️⭐️⭐️⭐️⭐️ Highly recommend!”
Marissa Lealaogata
Somesh Awasthi“My sincere thanks to Stephane for the clear, concise and up front presentation of the information I needed to make an informed decision. He asked great questions and was most helpful. His experience in this industry was priceless. I look forward to reaping the benefits of his wisdom in the future. A win win win for all.”
Sally Webb
Stephane Skowronski“I cannot recommend Roger highly enough. From the very beginning of the process, he took the weight completely off my shoulders. At a time when I was at my rock bottom, Roger not only delivered an exceptional deal, but he offered reassurance, clarity and a sense of calm that I desperately needed. It genuinely felt like I didn't do a thing as Roger handled every aspect of the process with real professionalism, efficiency and care. I am just so thankful and grateful for Roger. If you're looking for a broker that goes above and beyond, Roger is the one you want in your corner.”
K Smith
Roger FairbairnReady to Get Started?
Talk to one of our friendly mortgage advisers today. Our service is usually at no direct cost to you.