Browse Forums Home Finance 1 May 30, 2021 12:33 pm I’m interested to know the experiences of people have taken out finance for a knock down rebuild, which lenders seem to be better to deal with for this type of loan and whether you took out a construction loan on top of your existing mortgage or a completely new loan? Very curious to have some background before we go in and ask for some finance. Re: Knock-down Rebuild Finance 2May 31, 2021 9:27 am Perfect opportunity to review the market and make sure you're competitive... and also different lenders have vastly different appetites. There's one bank who won't do KDR (gosh I wish I could remember who!!) and of course ING don't do construction at all...valuation is also key. Noting I am biased, wouldn't you ask friends and family to recommend a broker who might have access to multiple valuations? Rebecca Jarrett-Dalton Property crazy expert mortgage broker, love building new homes! Two Red Shoes mortgage broker http://www.tworedshoes.com.au/building Re: Knock-down Rebuild Finance 3Jun 02, 2021 4:51 pm ![]() Perfect opportunity to review the market and make sure you're competitive... and also different lenders have vastly different appetites. There's one bank who won't do KDR (gosh I wish I could remember who!!) and of course ING don't do construction at all...valuation is also key. Noting I am biased, wouldn't you ask friends and family to recommend a broker who might have access to multiple valuations? Thanks Rebecca, it's interesting that some banks are keen and others aren't. We will ask around for a local broker, although had a slightly negative experience with one of the big broker franchises last time I approached them, so perhaps a smaller independent might be the go. Thanks Katzie. I understand the builder organises inspectors, but I will consider having a separate inspector as well. Do you know roughly how much that would be? I've… 12 36099 Hi, we are knocking down to rebuild. Has anyone had any experience with Stylemaster homes in the last 1-2 years. Any feedback would be appreciated TIA 0 28486 No still building. Roof is on, brickwork nearly finished, started plumbing rough ins, windows next week then render. Will be finished around May, this rain has killed… 15 14179 ![]() |