Why choose Resolve Finance for your next home loan?

First home, next home or refinancing? We'll guide you.

Our goal is to make the journey smooth, so you can focus on your property goals.

We simplify the process for clients seeking home purchase loans, refinancing options, or finance for purchasing, upsizing, or investing in property. Our goal is to make the journey smooth, so you can focus on your property goals.

Resolve Finance is proud to be one of Australia’s leading mortgage brokerages for results and service. 

Top 25 Brokerage Nationally

Our 98.45% Approval Record

A proven track record of success, with 98.45% of our clients approved on their first application, a result held since 2022. 

Fee Free Service

Enjoy professional mortgage broker support with no fees charged in almost every circumstance. 

Access Over 40+ Lenders 

Explore a variety of property purchase loans, credit impairment solutions, and investment loan options to find your best fit. 

Submit an enquiry today.

Let’s see what’s possible!

Renovation Loans

Whether you’re refreshing an existing home or planning a new build, the right financing can protect both your budget and timeline.

Renovation finance often includes progressive drawdowns for projects ranging from minor fixes to major structural changes, while house & land construction loans bundle land purchase and building costs into a single arrangement. 

Depending on the scale of your project, lenders may require builder quotes, council approvals, and a clear project plan to help you secure a favourable deal and avoid cost blowouts. 

Understanding renovation finance

Benefits of a house & land package

Renovation finance is designed for homeowners looking to improve or expand an existing property. Unlike typical home loans, it can accommodate everything from a simple kitchen update to major structural changes. 

Can fund minor cosmetic makeovers or large-scale overhauls.

Can require council approvals and a licensed builder’s contract if changes are structural changes to your property. 

Loan structures & progressive payments

One of the main advantages of a fixed-price house and land package is the clarity around costs. When you sign a fixed-price contract with a builder, you often gain a more predictable timeline and budget. 

Mostly the stamp duty is only payable on the land value, which can reduce upfront expenses compared to an established purchase where the property is already built.

For construction loans, lenders will make progressive payments also known as drawdowns, at specific stages of the build: for example, slab down, frame up, lock-up, and final completion. 

With most lenders, you only pay monthly interest on the loan amounts drawn and released, making it easier to budget and reducing costs during the early stages. 

Once construction is complete, the loan usually transitions to a normal home loan with principal and interest repayments, allowing you to pay down the mortgage over the next 30 years. 

Types of renovation projects

Non-Structural Improvements: These are considered cosmetic upgrades such as replacing fixtures, new kitchen, repainting, or updating floors. 

Structural Improvements: Typically requires a licenced builder to complete and included everything from extensions, removing walls, or adding new rooms to a complete property redesigns involving multiple trades.

Renovation home loan options

Choosing the right loan option depends on two key factors: whether your renovation is structural or non-structural and the amount of equity available in your property. 

Below, we've outlined both loan options to help you determine which one suits your situation:

Non-Structural Changes (Equity Top-Up)

If you’re updating a kitchen, repainting, or making other cosmetic improvements—and there’s enough equity in your home—an equity top-up may be the ideal choice. 

Lenders can typically release up to 90% of your property’s value, giving you direct cash to manage the works independently.

Structural Changes (Construction Loan) 

If your plans involve a licensed builder or rely on the property’s future value (for instance, post-renovation), you’ll likely need a construction loan. In this scenario, lenders consider both your current equity and the anticipated higher valuation once work is finished. 

Funds are then released in stages directly to the builder as each construction milestone is completed. 

Summary: Construction and renovation finance

Not all lenders offer construction finance, and those that do may have varying approval credit criteria. 

Some lenders can finance up to 98% of the property’s security price, including lenders mortgage insurance (LMI). 

Our mortgage brokers are experts in construction finance and work closely with some of Australia’s largest building companies. To find the best lender for your unique situation, we recommend booking a phone call with one of our brokers for tailored advice and guidance.