We now offer finance options to help make your Tasbuilt Homes
experience even easier. Finance is available through the NAB, B&E,
Tassie Home Loans, ANZ and now Bendigo Bank,
simply phone or email the relevant person below for more information.
Tasbuilt have contact details for ANZ bank, Launceston & Hobart
branches, contact Tasbuilt for details.
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 simply constructed off-site,
and then installed permanently on concrete and steel foundations and
services connected just like a regular construction. 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 not a kit home
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 shipping container. A kit home company may or may not
provide an installation service. Sometimes the owner contracts the
tradesmen separately, or sometimes they may do the installation
themselves as an owner builder. This is more complicated process and
involves greater risk for the lender.
A Tasbuilt home is not a relocatable home
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 that you are doing an ‘owner builder’
project. If your bank is not sure about the Tasbuilt Home process, you
can ask them to contact us for more information. A quick phone-call can
often help clear up any queries and the get the ball rolling on your new
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 the bank
If you are
unable to raise the necessary equity or provide a guarantor then 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.
small administration fee of 0.5% of total contract value is applicable
for this change in progress payment structure, to cover fees and charges
associated with bridging the finance in these circumstances.
If you have any questions about financing your new home, contact us today on 1800 639 310