Owner Builder Loans

There is nothing quite like moving into a home that you have built. The colours, the flooring, the layout are exactly what you want. If you have the ability and time to spare, you can save a bundle of cash.  You do however need to take the time to plan.

An Owner Builder Loan can be harder to source. The main reason for this is there are not too many lenders that will lend money for this. The lenders that do often have strict rules on land size, location, and the percentage you can borrow. The maximum you are able to borrow is 80% so you therefore need sufficient equity in the land, or a large sum of money.