When Rocket advisers successfully connect a client with bank funding, the bank pays the adviser a fee for arranging the loan. In cases where we need to utilise non-bank lenders, a fee maybe required from the client. At Rocket, there are no surprises with fees; we provide complete transparency and full disclosure about all offers we present, ensuring our clients are fully informed before take off.

We have access to a vast array of funding options – including all the major trading banks and a wide range of non-bank lenders. We are not linked to any specific lender or product, so you can be assured that the solutions we offer are those we believe best meet your needs, and the advice we provide to you is always impartial.

The deposit required can vary – depending on your project and your income. Rocket works with a number of flexible lenders who will work hard to develop a solution to meet your needs.

Generally, NZ development loans work on an ‘on completion basis’. A lender will provide funding for the cost to complete the development because they are satisfied that the development will be completed for a known cost, within a known timeframe, and they understand the end value. Development loans have conditional requirements to ensure these outcomes are achieved. Residential loans work on a ‘current market value’ because the security, which is in most cases a house, is already constructed and the market value is already known.

Mortgages are complex and there are many different types of loans available from a large number of both bank and non-bank lenders. A good broker will not only save you time and money but also share their financial knowledge and experience with you. They’ll first understand your financial requirements and then contact a variety of lenders to discuss available offers. They’ll then review the options taking interest rates and fees into account, to help find the very options for you.

Yes!  We love working with new clients whether it’s a single house build or multi-terraced housing development, connecting clients to the funds they need, ensuring their project can take off!

And we understand that starting a development can be daunting – knowing where to start and who to talk to. The team at Rocket are here to assist you achieve your goals. Whether you’re right at the start of your development voyage, or midway through, get in touch and see how we can help.

There are a number of calculators published online that offer to provide indications of what you can borrow. However, these should not be relied on, as they’re unable to take into consideration an applicant’s specific circumstances.  The team at Rocket can provide you with a fast and accurate assessment of your borrowing capacity.

Get in touch today for a no cost, no obligation chat.

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