Westpac - a dedicated mortgage package for modular homes
FirstBuild have partnered with Westpac. As one of New Zealand’s leading banks, Westpac have identified a need in the market to finance modular homes that takes into account the unique building methodology.
Westpac is the first bank in New Zealand to launch a dedicated mortgage product aimed at helping Kiwi’s into modular homes Read more about this here
“We think homes manufactured offsite are crucial in addressing two key systemic issues: our housing shortage and a lack of affordable construction options”, says Westpac NZ Head of Home Ownership, Mark Dunmore.
However, borrowing for a prefab home has often been a frustrating experience, because of the complex issues around security of the house while it’s being built in a factory.
“Our new way of funding essentially means we have security before the house is delivered, which removes much of the uncertainty for buyers and builders partnering on a build,” Mr Dunmore says.
FirstBuild simply refers customers to Westpac. We don’t receive any commission or reward except having happy customers that have the ability to fund their FirstBuild modular home.
To find out more, click here to email a Westpac Mobile Manager.