Renovation Loans
Home loan expertise to help pay for your home renovations.
Are You Ready to get a Home Renovation Loan?
So you’ve decided to renovate your home but undoubtedly have a lot of questions about how to fund it. You might be wondering how much you can spend, what you can afford to repay, whether the bank lends you enough to pay for your renovation and how you pay the builder.
We’re here to give you all the answers and guide you through the process to get a successful outcome.
We have helped clients finance renovations of all sizes, from large projects like lifting a Queenslander and adding new rooms underneath, through to small renovations like adding a back deck or upgrading the kitchen.
How to Get Started
The most common approach to finance your renovation is to get an increase or top up on your current home loan. Whichever approach we take, we will ensure you get the right loan and that it’s set up properly from the start.
We will show you how to get your finances ready to apply for a loan and advise you how to manage your budget through the renovation.
We have long term relationships with all major lenders and with our expertise in banking policy, you can feel confident that we have a good chance of getting your renovation loan approved.
Best of all, we don’t charge you a fee to use our services as we are paid by the lender when your home loan settles.
Top 3 tips
Spend at least six months to a year living in the house before you renovate so you get a feel for it.
If you’re moving out during the renovation, make sure you have a buffer saved to pay rent as well as loan repayments.
Your loan repayments are ‘interest only’ (i.e. lower) during the renovation to help you manage cash your flow.
Our Home Renovation Loan Guide
Here’s our simple process on how to get a renovation loan and complete your renovation with less stress.
Blank
1. Loan preparation
2. Design and planning
3. Choose your tradespeople
4. Start the renovation loan application process
5. Sign your loan application
6. Renovation loan approved
7. Construction to Completion
What our customers are saying
Rob & Laura
“Victor and the team went above and beyond to ensure we secured the property we wanted. They took the time to explain the steps involved during the buying process, their communication was excellent and knowledge of the market second to none. These guys were a pleasure to deal with and we would absolutely use again. Highly recommend.”
Dylan & Bree
“My fiancé and I are both self-employed and we were concerned about finding a lender who would cater to our situation. Thankfully, Victor and Christal made the entire financing process a breeze. They were extremely prompt with all communication, super professional, offered an enormous amount of industry knowledge, and most importantly, they helped us secure our family home. On top of all that, they were both lovely, genuine people. Couldn’t recommend them enough. 11/10. Thanks for your help guys!!”
Isabelle & Wayne
“Thank you Victor and the team you made our home loan journey a happy, stress free experience. We were updated at every step and Victor’s advice in the early stages was invaluable to us securing our loan. We need more community minded, person centred business’ like this. Would recommend Blackk Mortgage Brokers to anyone looking for genuine financial advice with no hidden agenda.”
Looking for guidance before you get started?
Top 6 Strategies On How To Increase Borrowing Capacity For 2025
How To Increase Borrowing Capacity [To Offset Impacts of Rising Rates].Are you planning to make the most of lower property...
Home Renovation Loan [2023 Complete Guide]
How to pay for a Home Renovation [Guide for 2022]. Does your home need some sprucing up? A complete new kitchen with marble...
Lenders Mortgage Insurance [2022 Complete Guide]
In most situations, you will pay lenders mortgage insurance if you don’t have a 20% deposit when applying for…