Thinking about building your new property? Exciting news, we have now got access to two lenders doing a new deal for builds!
The new Back My Build floating rate of 1.79% p.a. will help customers who are either building their new home from scratch, purchasing a home and land package, or building their next investment property to build high quality new homes for Kiwi families. The lenders are offering improved lending criteria, which will make it easier to get an approval, as well as up to 90% LVR (as low as a 10% deposit) for both Owner Occupiers as well as Investors.
Housing supply is a huge issue for the New Zealand economy. That is why we’re keen to give a leg-up to customers who want to join us in being part of the solution. We’ve deliberately chosen to make the offer available to both owner occupiers and investors in recognition of the role investors can play in making new, high quality homes available for Kiwi families.
This excellent floating rate comes with a lot of terms and conditions that Summit Mortgages can help you to work through. If you are considering building or purchasing a new build, get in touch with the team at Summit Mortgages so we can guide you through the process.