At a glance
- The background: over about ten years, we helped this couple buy several properties.
- The goal: slow down and build their dream home at the beach.
- What we did: arranged a construction loan and helped consolidate their debts to make it work.
The situation
We've worked with this couple for around ten years. Over that time they bought several properties, and we helped arrange the finance for each one. They'd reached a stage of life where they wanted to slow down, and their goal was clear: build their dream home at the beach.
What we did
- A construction loan for the build. Construction loans are paid out in stages as the builder finishes each part of the home, and you usually pay interest only on what's been drawn. Our construction loans guide explains how it works.
- Consolidating their debts. We brought their existing borrowing together so the new home fitted into one plan that suited this stage of their lives.
Because we'd worked with them for years, we already knew their properties, their income and their plans, which made it much easier to structure the new loan.
What you can take from it
- Structure matters as much as rate. How your loans are set up across several properties affects what you can do next.
- Debt consolidation can simplify things, but stretching debts over a longer term can mean paying more interest overall. It's worth getting advice first.
- Plan for the later years. Lenders may ask how you'll repay a loan that runs past your expected retirement, so it helps to have an answer ready.
See our investment loans guide for how we help people build and restructure a portfolio over time.