Mortgage broker for Rolleston

Buying or building in Rolleston

Rolleston has been one of the fastest growing towns in New Zealand for the best part of a decade, and the way people buy here reflects that. A large share of purchases are house-and-land packages or a section plus a build contract, rather than an established home off the open market. That changes the finance completely.

A construction loan is not a home loan with a different label. Funds release in stages against valuations, the builder invoices on a schedule that rarely matches the bank's, and the difference between a fixed price contract and a progressive payment build changes which lenders will even look at it. Get the structure wrong at the start and you feel it in the middle, when a progress payment is due and the money is not there.

We arrange build finance every week and a good deal of it is in Selwyn. We know which lenders move quickly on progress draws, which ones are comfortable with which contract types, and what to check in a build contract before you sign it rather than after.

First home buyers moving out from Christchurch

A lot of Rolleston buyers are first home buyers who have been priced out of Christchurch suburbs. The upside is that a new build often needs a smaller deposit than an existing home, and it can sit outside some of the lending restrictions that apply to older stock. Between KiwiSaver withdrawals, the First Home Grant where it still applies, and low deposit lending, the deposit you actually need is frequently less than people assume.

Where we are

Our office is at 3/24 Dublin Street in Christchurch, about twenty five minutes up the road. Come in and sit down with us, or run the whole thing by phone and email — plenty of our Selwyn clients never come in at all, and the advice and the process are exactly the same either way.

Journey Mortgages holds a 5.0 rating from 60 Google reviews and Alex Toohey is a Top 25 New Zealand Mortgage Adviser. Whether you have a build contract in front of you or you are still comparing sections, a 15 minute conversation now will save you a lot of grief later.