If you want to build a new property or renovate an existing one, a Wizard construction loan is one of the best ways to finance it.

Gather the information you'll need to apply for the loan

• A fixed price contract from a licensed builder for the construction
• Council approved plans and specifications of the proposed residence
• A copy of builders insurance which must be current during construction

Talk to Wizard about getting your project valued

• We'll allocate a specialist valuer to your project
• The value of your completed project will be estimated
• The valuer will check the progress during construction - to make sure the work has been completed as stated and to approve the builders progress claims
• Once completed, the valuer will confirm a final valuation of your property

Paying your suppliers

• This is done by providing us with a copy of your builders invoice along with a request for funds at agreed intervals. Often this is:
  • At the concrete or timber flooring stage
  • When your framework is done
  • Once you can lock up your property
  • On completion of your project
• The valuer will be asked to confirm the works stated
• Wizard will approve the claim and pay the amount direct to your builder

Below are the loans Wizard offers with construction options. Click on the loan name for more detailed product information.