CONSTRUCTION
& DEVELOPMENT
At Primus Home Loans we are investors – we have bought, built, renovated and developed.
We are registered Property Investment Professionals of Australia Members (PIPA) and Qualified Property Investment Advisers (QPIA) who can assist you in making strategic property decisions.
We offer a detailed understanding of borrower, lender and builder requirements no matter what your project.
We know precisely what all parties require, and at which stage – We coordinate the whole process for you.
In the end our goal is to give you the best value loan product and eliminate unnecessary building delays so your construction is completed on time!
THE LOAN PROCESS
CONTACT US
Contact us via phone or email or book a 1-on-1 meeting at our offices to understand your financial & lifestyle goals.
We will then send you an introductory email outlining our team and loan process which will also contain a Client Information Form and checklist for you to complete
COMPLETE CLIENT INFORMATION FORM AND SEND THROUGH CHECKLIST DOCS
Complete the electronic Client Information Form and email through applicable checklist documentation to us.
From this information, we can assess your borrowing capacity, deposit required, maximum purchase price and which lenders/banks you can proceed with.
COMPLIANCE AND LODGEMENT OF APPLICATION
Complete the electronic Client Information Form and email through applicable checklist documentation to us.
From this information, we can assess your borrowing capacity, deposit required, maximum purchase price and which lenders/banks you can proceed with.
PRE-APPROVAL
Once your pre-approval is lodged and you meet at servicing and borrowing conditions you will be approved subject to finding a property – this means you can go shopping!
LAND & PLAN
Place an offer on your block of land and finalise your building contract.
FORMAL APPROVAL
Your loan is unconditionally approved, which means you have met all the lender requirements. The property you have put an offer on is now SOLD!
LOAN DOCUMENT SIGNING
Once the loan has been formally approved, the lender will send you a loan contract for you to sign to accept their loan.
Once you’ve signed the contract it is sent back to the lender and the bank will certify the documentation ensuring they are signed and completed correctly. Once certified they can book in settlement.
SETTLEMENT OCCURS
Property settlement is the final stage of a property sale wherein the buyer completes payment of the contract price to the vendor and takes legal possession of the property. Basically, the loan is funded and the property is YOURS!
CONSTRUCTION STARTS
Once settlement has occurred construction on start. We assist with managing your progress payments (invoices) so you know exactly who has to pay for each stage, at which time.
HAND OVER OCCURS
Once construction is complete we send over the final invoice to the lender for payment. Once final payment has been signed off and funded to the builder hand over occurs, which means you receive the keys to your new home/investment property!
ANNUAL HOME LOAN REVIEW
Once your loan settles that isn’t it for us, we live by our motto, “Service for Life.” Each year after you have settled on your loan we will do a comprehensive review to ensure you are still on the best product to suit you.