Know Your Borrowing Power in Under 5 Minutes!
LET US HELP YOU
Why use our Construction Loan Specialists?
We have the power to negotiate a competitive deal with over 60 banks and lenders you know and trust, giving you confidence we will find the right loan for you
Find the right interest rate, structure and flexibility for your situation
We do the legwork and paperwork for you in 6 easy steps so you don't have to
We cut out the middleman and become your main point of contact throughout your new home journey
Build with confidence
We live and breathe construction home finance
Our Construction Loan Specialists, backed by Loan Market Elevate, have been working with Clarendon Homes for over 10 years and can help you make your new home dream a reality. We can access your borrowing potential and recommend loan options from our panel of 60+ lenders, guide you through the application process, and ensure you move in on time - we're here to make your life easier!
Need finance for your new home?
We can help.
By our count, there are about 34 opportunities for our customers to get lost, confused, delayed or frustrated managing their own construction loan, and that’s if they’re only negotiating with 1 bank or lender.
With your Clarendon Home construction loan specialists who are backed by Loan Market, you delegate the responsibility to 1 committed professional who makes it their mission to negotiate 100s of attractive rates and products with over 60 well-known lenders to secure finance that fits your plans and your timeframe.
And they do this for Clarendon Home customers every single day.
Distinct benefits of working with a Clarendon Homes Finance Managers
- A panel of 60+ lenders and 100s of loans including exclusive offers
- Specialist negotiators securing competitive interest rates
- No interest charged on any overdue progress payments
- The provision of a tender expiry guarantee to protect against price increases
- Only $10,000 deposit on signing of your building contract
- Only 5% deposit required before construction
- Our construction loan expertise and service comes at no cost to you
- Receive a $500 eftpos visa card
*This offer is only applicable to loans secured and finalised (i.e. unconditional loan approval) by our Finance Manager. A $500 Eftpos Visa Gift Card will be issued with your handover pack upon completion of your new home and cannot be redeemed or exchanged for cash or any discount. All applications must meet certain credit approval criteria to qualify for the loan, ensuring that borrowers satisfy the necessary conditions for eligibility.
EXCLUSIVE OFFER
Only a $10,000 deposit is required until the start of the site
Required on signing of your building contract rather than the usual 5% of your contract.
LOAN CALCULATOR
Know your borrowing power in minutes
Find out how much you could borrow, and how much repayments would be for your loan size.
It's important to shop around - bank and lenders all use different criteria to calculate how much they will lend you. Your borrowing capacity between two banks could be thousands of dollars - the difference between building your dream home or settling for your second favourite.
Our Construction Loan Specialists know what each lender is looking for and will use the strengths of your application to maximise your borrowing capacity.
LOAN CALCULATOR
Know your repayments in minutes
Find out how much your repayments would be for your loan size.
It is important to understand the amount you will need to pay your lender before you apply for a home loan and ensure you can comfortably meet your repayments.
This is an indication only. Our specialised brokers can factor your personal circumstance in and provide a more accurate figure.
Need some construction loan guidance?
Complete the form below and let our team of Construction Loan Specialists help you with anything finance related, every step of the way. You have nothing to loose! Our construction loan expertise and service comes at no cost to you.
Meet your team of Construction Loan Specialists
GM Home Finance
Michael Chadwick
With more than 30 years of experience in finance, Michael knows a thing or two about all types of finance and takes great pride in helping his customers reach their financial goals. "I first started lending in 1992 and I still look after many customers from my early days as a branch lender." "It gives me a great sense of pride to have continued to work with them for many years and now see them financially successful, knowing that I was there to help them on their journey". Michael and his team at Loan Market Elevate are here for you whether you are looking to purchase your dream home to live in, save money on your current home loan or invest in property for your future. When Michael isn't helping customers with their finance, he enjoys his time with family and friends and spending time getting away from the hustle and bustle of the City.
Email: [email protected]
Phone: 02 8850 9086
Michael Chadwick is a credit representative (517867) of Loan Market Pty Ltd ACN 105 230 019 Australian Credit Licence 390222
Mortgage Broker
Rakesh Swami
Rakesh has a passion for helping people and moved into the field of mortgage broking 15 years ago to do just that. His personal motto is ‘Get the job done' and Rakesh will use his skillset, know-how, and experience to make that happen. For many years, Rakesh has specialised in residential construction loans and he also has broad experience with commercial, equipment, and business finance. Rakesh, who is a member of the FBAA, completed a degree in Business Administration & Finance at the University of Sydney. He also completed a Diploma in Business Management and Diploma in Mortgage Broking and Finance.
Email: [email protected]
Phone: 0422122634
Rakesh Swami is a credit representative (480346) of Loan Market Pty Ltd ACN 105 230 019 Australian Credit Licence 390222
Mortgage Broker
Karon Handy
Karon Handy is a seasoned mortgage broker, who brings a wealth of expertise to the table. Her skills shine in assessing client needs, negotiating with lenders, and ensuring compliance with financial regulations. Dedicated to providing a clear understanding of financial options, Karon seamlessly guides clients through paperwork. With a background in banking, Karon's experience has honed her mortgage broking skills. Her approach is marked with a strong financial understanding and an unwavering commitment to delivering exceptional client experiences. Whether you're buying or building a home, investing, refinancing, or exploring personal/business lending, Karon is your dedicated partner for a smooth financial journey.
Email: karon[email protected]
Phone: 0467 311 088
Karon Handy is a credit representative (498110) of Loan Market Pty Ltd ACN 105 230 019 Australian Credit Licence 390222
Frequently Asked Questions
How much deposit do I need to purchase a property?
Typically lenders ask for 20% of the total house price before they’ll consider giving you a loan but there are a number of ways around this. Some lenders will accept a smaller deposit but it’s likely that you’ll need to pay Lenders Mortgage Insurance (LMI). There might also be grants that you can take advantage of. Get in touch to chat about your options.
Can you help me understand my borrowing capacity?
Of course! Borrowing capacity refers to how much you can borrow from a lender. As your borrowing capacity can differ widely from Lender to lender, get in touch today and we can help you understand your maximum borrowing power from the 30 plus lenders we have access to.
How will you decide which loan is best suited to my circumstances?
With more than 30 home lenders on our panel, you and I are spoiled for choice. We narrow the search down by first understanding your needs and objectives. We will show you the features of each loan and explain the benefits, allowing you to make an informed choice which lender and loan you would like to apply for.
Does it cost to use a broker?
You do not pay a fee for our services. Instead, we’re paid a commission by the lender you choose for doing the work on their behalf and looking after your home loan needs ongoing. Learn more here and get in touch if you have any questions.
What fees should I be aware of when purchasing a property?
There are several fees that often aren’t discussed in length when buying a property. These include stamp duty, application fees, pest and building inspections and more. Get in touch with a broker today for an up-front conversation about all the hidden fees. Find a summary here.
What grants are available to me?
There are many grants that are available for those wanting a home loan and the options differ from state to state. To find out what grants you are eligible for, get in touch with our Home Finance Managers to help you understand what grants you could be eligible for.
How much does it cost to refinance?
Some of the costs you’d expect to pay include discharge, application and settlement fees and we work with you ensure that the savings outweigh the costs when refinancing from one lender to another. To find out how much you can save by refinancing your loan, give us a call.
What is Lenders Mortgage Insurance (LMI)?
LMI is required if you need to borrow more than 80% of the value of the property you are purchasing. You pay a premium which can be funded in the home loan and it protects your lender if you can’t pay your loan and the home needs to sold.
Compare our panel of lenders
Search Australia’s biggest banks plus a range of over 60 specialist lenders.
Choose us to take care of your finance for you and you’ll have less to do, meaning more time for things you actually enjoy.
*Any information provided on this website does not take into account your individual objectives, financial situation or needs. You should consider whether it is appropriate for you, and read the relevant disclosure document. Normal lender criteria, fees, charges, terms and conditions apply. **Finance Manager added benefits offer. Terms and Conditions. Effective as at 6/09/2017. The added benefits offer is available to you subject to the following terms and conditions: You meet our Finance Manager’s qualification criteria; You promptly supply and sign all documentation required by our Finance Manager to complete your loan application and to satisfy any further lender requirements; This offer is only applicable to loans secured and finalized (i.e. unconditional loan approval) by our Finance Manager.
Loan Market Pty Ltd ABN 89 105 230 019 | Australian Credit License 390222.
