Sovereign Homes and NewBuild Home Finance take the stress out of funding and building your new home

Thank you for visiting our site to learn more about how we can assist you through the total building experience, including the professional independent management of your funding requirements.

Sovereign Homes are pleased to be working with NewBuild Home Finance. With Sovereign Homes managing all aspects of your build and NewBuild providing the funding for your new home you get the best of both worlds, a first class home build and fully independent financial advice and management.

Unlike a regular loan, construction finance may cause significant issues if not structured and managed correctly.  The NewBuild team specialises in making your experience less stressful by managing the risk, managing your payments, and all for less than it costs with a regular bank loan. 

NewBuild provides mainstream bank funding with very competitive terms and interest rates and ensures your peace of mind knowing you’re dealing with an experienced and professional team.

NewBuild Home Finance features at a glance:

• Lower deposit requirements than most banks - as low as 5% (house and land). Easier loan approval process even if you are self employed.



• No mortgage repayments until your home is complete. An interest reserve reduces any out-of-pocket costs so monthly interest payments are not required while your home is being built. This is especially helpful when you are paying rent or have another mortgage to service at the same time.



• Professional management of the loan during the construction phase allows you to focus on the building process without the hassle of managing progress valuations and progress payments.



• Progress payments managed directly between Sovereign Homes and NewBuild so no need to get involved in making sure the progress payments are made on time ensuring an efficient and timely construction process.



• Includes owners care items and any additional costs through upgrades etc. Sometimes home owners make variations to the contract after the building contract is signed and before the building is complete. Any additional cost associated with these variations can be included as well as the costs incurred by you the owner choosing to carry out works which sometimes fall outside of the building contract i.e. landscaping, fencing, etc.



• Very competitive loan products NewBuild has access to several leading lenders and specializes in providing new home loans at very competitive rates.

    
In addition to all of the above you’ll have peace of mind knowing that all monies paid throughout the process are covered by the Sovereign Homes “Home First” Builders Guarantee.