Financing a New Build in New Zealand — What You Need to Know
Progress payments, turnkey contracts, lower deposits and Brightline rules — new build lending works differently. I help you structure it correctly from day one.
Progress draw loans explained
With a new build, your lender releases funds to the builder in stages (slab, frame, enclosed, fit-out, completion). You only pay interest on what's been drawn while construction is underway — easing cashflow during the build.
Turnkey vs progress payment structures
Turnkey contracts have one settlement at completion (simpler, fewer draws). Progress payment contracts require you to fund stages as they're built — your loan structure must match the contract type.
Lower deposit options
Some lenders allow as little as 10% deposit for new builds (vs 20% for existing homes), recognising the lower-risk profile and government policy support for new housing supply.
New build lenders we work with
Several lenders on our panel have specific appetite for new build lending — including progress draw facilities and lower-deposit policies. We'll match you to the right one based on your contract type, builder and circumstances.
- Progress draw expertise across our lender panel
- Specialist non-bank lenders for tighter timelines
- Lower-deposit policies for qualifying builds
- Turnkey-friendly product structures
