We now offer finance options to help make your Tasbuilt Homes
experience even easier. Finance is available through many of the well-known finance providers, including our referral partners Commonwealth Bank, Urban Money & MyState. You can find their contact details at the bottom of this page.
When seeking finance approval it is important to explain to your bank that a Tasbuilt Home is NOT a kit home or a relocatable home. It is a home that's simply constructed off-site and then installed permanently on your site on concrete and steel foundations), with services/utilities connected just like a traditional build. The whole project
is covered under a fixed-price builders contract, and Tasbuilt is a
fully licensed Tasmanian Builder, with all relevant insurances required
by the banks.
A Tasbuilt Home is often confused with a kit home. A kit home is a home in which the components are purchased, unassembled, in a kit form, usually supplied in a shipping container. A kit home company may or may not provide an installation service. Sometimes the owner contracts the tradespeople separately, or sometimes they may do the installation themselves as an owner-builder. This is a more complicated process and involves greater risk for the lender.
A mobile or relocatable home is a modular building that can be easily moved from site to site. Banks are less likely to lend money if they believe the home is a kit home or if you are doing an ‘owner-builder' project. If your bank is not sure about the Tasbuilt Homes process, you can ask them to contact us for more information. A quick phone call can often help clear up any queries and get the ball rolling on your new modular home!
Many banks also have their own policies on progress payments; how much and when they will pay. It is also important for you to know that Tasbuilt is able to negotiate with your bank to arrange your progress payments in a way that suits them.
If you cannot raise the necessary equity or provide a guarantor, we would be happy to adjust the progress payment structure, providing we have a secure contract and guarantee from your bank that they've approved your loan and will make the payment once the home is on site.
If you have any questions about financing your new home, contact us today on 1800 639 310!