Construction finance can be a tricky beast - there are a lot more complexities than a normal "established" home, and because of this it pays to deal with mortgage brokers who are construction specialists. 

 

 But what makes Neptune Finance Australia construction specialists, you may ask?

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To put it simply, we have been dealing with the Perth Construction Industry for a long time....in fact - we have been doing it for nearly 10 years! Because of this we have a thorough understanding of the ins and outs of all things construction finance and know the issues that can arise and how to avoid them before they become an issue. 

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Some things we deal with every day are:

• Giving our clients clarity around progress payments, costs to finish the home and other elements of building that can be "trickier" to someone who hasn't experienced the process before.

• Understanding and working with land developer requirements prior to signing a land offer and acceptance.

• Working with you and your building consultant regarding borrowing power and package prices.

• Dealing with tight timeframes for finance terms on land contracts.

• Helping with First Home Owner's Grant (FHOG) applications - especially when this is needed as 'funds to complete'.

• Understanding timeframes that builders have for "build contracts" and when these need to be expedited.

• Knowing which bank products are more "construction friendly".

• Knowing which banks are slower in dealing with construction applications and being able to set those expectations upfront.