Renovation Loan Criteria

In general, the following are the main types of loans for arenovation or extension.

Construction loan

Personal Loan

Refinance your existing home loan

Ifyou want to bank finance to do major renovations which needs requires a buildingconsent, the bank will likely need the following information for yourapplication.

• Copies of the building plan
• A copy of the building contract
• A copy of the building quote
• A copy of the  councilconsent
• A new registered valuation of your property.

If your bank requires a fixed price quotation forthe renovation, this can only be provided based off the Council stamped plans.

In order to obtain a council consent, you need to;

Orderyour property file from the Council

Develop your plans with an architect

Apply for Consent with Auckland City Council.

We can help with the architect & Council, soget in touch if you wanted to progress with your plans.

We can provide indicative costs based of the architectsconcept plans, however fixed price quotations are only able to be provided onceCouncil has approved your consent.

Our advice is to check with you bank first to seewhat process they have, what might be a suitable loan type, and to establishwhat you can afford. There is no point developing plans and getting a consentfor work that you cannot get finance for.

If you just want a ballparkidea of what a project might cost or how feasible a projectmay be, we can also off this paid service.

If you have plans available and you need a buildingquote, please sent them through directly. If you want to start talking with an architect,please get in touch with us and we can help point you in the right direction.

Renovation Loan Criteria syndicated from https://tradeguys.co.nz/

Renovation Loan Criteria syndicated from https://tradeguys.co.nz/