Renovation and Construction Loans
No more waiting! Renovate and refresh your home with no stress!
Trusted by 150+ Clients
40+ Lenders
Transform your home with ease using Renovation and Construction Loans. Whether you’re building your dream home from the ground up or upgrading your current property, these loans provide flexible financing to cover materials, labour, and associated costs. Enjoy competitive rates, tailored repayment options, and expert guidance to make your construction or renovation project stress-free and successful.
Did you know that you could boost your property’s value?
Renovations like adding an extra bedroom, bathroom, or outdoor space can increase your home’s market value and long-term equity.
Why is Lionskey the best for your renovation and construction needs?
- Fast Approvals as Lionskey Finance goes above and beyond, prioritising every client.
- Unlike standard bank loans, we find the best option for your budget from over 30 lenders.
- Flexible repayment plans
What is a construction or renovation loan?
A construction or renovation loan is a type of financing designed to fund home building or improvement projects. Unlike regular home loans, it covers construction costs in stages, helping you manage payments as your project progresses.
Who is eligible for a construction or renovation loan?
Eligibility depends on factors like income, credit history, and property type. Most lenders require proof of a detailed building or renovation plan. A finance broker can help assess your situation and guide you to the right loan.
How much can I borrow for a renovation or construction project?
Loan amounts vary based on the property value, project scope, and your financial position. Typically, lenders allow up to 80–90% of the property value plus renovation costs. Brokers can help you maximise borrowing power.
How do repayments work for construction or renovation loans?
Unlike standard home loans, repayments often start as interest-only during construction. Once the project is complete, the loan converts to a regular home loan with principal and interest repayments.
Why should I use a finance broker for my construction or renovation loan?
A broker compares multiple lenders, finds the best rates and terms, simplifies paperwork, and ensures your loan suits your project and budget. This saves time, reduces stress, and often secures better deals than going directly to a bank.