Hi John, if you have sufficient equity and an experienced person assisting (and all other credit criteria are met) this is doable with a mainstream bank. I have recently placed an owner builder loan after the clients own bank knocked them back. The number of available lenders is limited however it can be done. Please give me a call if you would like me to assess your situation. Kind Regards Chris
Hello! John Hope you are enjoying your day. I appreciate your effort in contacting Hashching with regarding to funding to construct your own home as an owner builder. I do understand as an owner builder this venture will help you save money and build your beautiful home with the right material and at the right price. I have over the years helped many home owner builders to build their own home by educating them of what is involved when you build your own home along with information that would be required by the lenders to help you with this request. I am keen to give you a helping hand in organising funding from a lender who will be able to provide necessary funds, so far you are able to provide all relevant information that mitigates lenders rules & regulations around this type of construction. Please confirm a time that is suitable to you so that I can contact you or alternatively if you need to contact me directly you can reach me on my mobile or by email. Looking forward to assisting you and enabling you to have a seamless experience, have a fantastic day, Best Regards Suresh
HI John, have plenty on experience with owner builders, ideally you will need to come into the office to discuss your situation in more detail, may be best to check for a broker near your location, we are located in Camberwell. If your happy to come in give us a call and we can work out which of the lenders will look after you. Regards Chris.
OK if you got a guarantor and good equity we can do it, let me know if you need assistance.
Hi John, Thank you for your enquiry I can assist you. I have done owner builder loan with one of the mainstream lenders and know the complication involved in the application process.
good morning John. there are a handfull of financiers who will consider owner builder transactions. Gearing will be the key issue for consideration. All the very best for 2018 and look forward to hearing from you. cheers Kim
Thanks for your response Aaron i will be utilising my dads extensive expirince as a carpenter of over 40 years to asisit me in completing the construction I know it's taboo but I have heard it's also achivalble with the right broker. I have a guarantor to asits in making this happen. If anyone is willing to assist let me know. I have plans and approvals and am ready to build. Costings are all done and a time line with projected budget has been made.
Hi John, I have been doing Owner Builder loans for over 20 years, and Owner Built my own home. I had a referral arrangement with a kit home provider where all their clients had to Owner Build. I have accreditation with lenders that specialise in this type of lending. Please get in touch with me so we can discuss your particular situation Many Thanks Gordon Spratt
Generally speaking a taboo in lending. Basically can only get it if you yourself are a licensed builder and have experience in this, otherwise it's not going to happen
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Melanie
Certainly can assist John and happy to discuss further. A bit of background: Sherlock Holmes Lending Solutions is a non-conforming specialist mortgage provider with over thirteen years experience in the industry specialising in low doc loans, bad credit loans, commercial loans, construction both traditional and owner-builder, SMSF loans to name a few. Four times a finalist for Non-Conforming Broker of the year at the AMA awards and Victorian FBAA State President from 2010-2015, Managing Director Melanie Burns is an expert when it comes to specialist and non-traditional lending. We are specialist mortgage providers who will provide you with expert assistance in order to achieve your financial goals. We will walk you through all the conditions that apply and ensure that you are provided with the best loan product to benefit your current and future goals. At Sherlock Holmes, we can help you with a Non-conforming loan if you have an irregular income or are self-employed. Regards Melanie