With over 25 years of construction home loan experience, Waterstone Finance is a free and professional mortgage brokerage service offering support and expertise in construction finance.
Whether you’re a first home buyer, upgrader, downsizer or investor, our highly experienced specialists will create a picture of your existing financial situation and provide you with a comprehensive and personalised home loan solution that best aligns. We understand the complexity of construction finance and we know what to look for when we compare various lenders and products, so you can be confident in the recommendations we provide.
Waterstone Finance can offer preliminary qualification at our Springwood head office, ensuring convenient access and answers in real time.
Our consultants will provide unlimited support every step of the way to ensure you feel confident and fully understand each stage of the finance process. Have confidence in the following service from Waterstone Finance:
Personalised, obligation-free evaluation
A simple consultation is all it takes to discuss your financial situation. Free, comprehensive and personalised, Waterstone Finance operates out of Plantation Homes Springwood head office for your convenience.
Comprehensively compared for all types of buyers
We compare hundreds of home loans from a vast number of banks and lenders to help you find the right home loan and finance solution. Whether you’re a first home buyer, upgrading your home, need to refinance your mortgage or you’re buying an investment property, our construction home loan specialists can help.
Accredited experts, unlimited support
Our fully accredited brokers have extensive experience in putting together new construction home loans. You will be guided through the entire process to ensure you have peace of mind that you’ve found the right home and the right financial solution. Our experts are readily available to answer any of your questions or clarify any information.
Transparent and streamlined
We deal with the banks and lenders on your behalf, saving you time, effort and stress. Completely transparent with none of the hassle.
New home construction finance is structured differently to purchasing an established home or buying Ready Built, with phases of payments due to represent the work completed at that time. To start your building process, an initial 5% deposit is required at contract stage to ensure that your new home build proceeds to site.
Scheduled progress payments
During the construction of your new home, payments are required at varying stages of the build. We subscribe to the HIA Standard Progress Payment Schedule, so there are no surprises for anyone. This means that you are only paying for the construction on site, as each stage progresses.
These progress payments are a percentage of your new home contract total, as defined by the QLD State Government.
HIA Prescribed %*
*This is a prescribed schedule of payments set out in Schedule 2 of the Queensland New Homes Construction Contract. This is Queensland legislation administered by the Queensland Building and Construction Commission in accordance to the Queensland Building and Construction Commission Act 1991.