WHEN IT’S NO LONGER BUSINESS AS USUAL,

Construction Financing

CONSTRUCTION FINANCE

Buying property is one of the biggest financial commitments you will make. You should ensure you obtain funds from the lender with a deal that is perfect for your circumstances.

Here, at Corporate Lifeline, we work with a network of specialist funding experts and lenders. If you are considering building your own property, we can help identify the best lender for you. We will help you with your loan application and ensure you get the best deal available.

WHAT IS CONSTRUCTION FINANCE?

Construction finance is, typically, a short-term loan to cover the cost of building a property. The loan should cover the costs of permits, labour and materials and may include the land purchase.

You may be able to borrow additional funds, or ‘contingency reserves’, if the build is more expensive than expected. With such a specialised loan, Corporate Finance will help you to select the best rates for your project and will negotiate the tricky application process.

Mask-Group-20c151

FAQS

Why should I have a Construction loan and not a mortgage?
After commencing a mortgage, the borrower must pay interest on the entire loan from the start. With Construction Finance the funds are released in stages. These progress payments are paid directly to the housebuilder and you only pay interest on the funds that have been provided, not the entire loan.
Will I need a separate mortgage?
Construction finance is a short-term loan to cover the house building period only. However, depending on the lender and the deal you have in place, there may be an option to convert the loan to a mortgage when the build is complete.

OUR FUNDING SOLUTION SERVICES

At Corporate Lifeline we have an array of services to cater to any phase your business is in financially.

REAL PEOPLE, REAL REVIEWS

FIND OUT
HOW WE CAN HELP YOU!

Download our FREE guide to resolving your financial difficulties and return to normal, successful trading.

SPEAK TO AN EXPERT TODAY

If you find yourself in a situation where you need financial advice for your business, let us help you.