Howdy. We're open during lockdown, operating remotely and our advisers are ready to help. Take care out there!
Buying your first home, investing in property or just keen to review your mortgage?
Fill out our online applicationAt Squirrel, we like to turn traditional banking on its head. There's no reason why you should be slammed with extra fees and high interest rates to fund your build. That's why we've come up with a better way.
Talk to us about whether Turnkey is right for youNot a builder? Find out about turnkey lending for buyers here.
A number of buyers can't do house-and-land packages: First home buyers with less than 15% deposit, upgraders with an existing mortgage and retired buyers who need to sell first.
You control the build process and progress payments rather than leaving it with the buyer and their lender.
With turnkey, your buyer also has less risk, finance is easier and they won't have to fund it themselves.
Where a builder has a buyer for a property we will fund up to 80% of the agreed purchase price on the sale and purchase agreement (excluding GST.)
No registered valuation is required which saves you money. In most cases we are happy to work with the agreed price provided the buyer is unconditional and has paid a deposit.
Squirrel will fund up to 70% of a registered valuation or 70% of land at purchase price for a residential house under construction that has not yet been sold.
If you get a sale part way through, we’re happy to increase it to 80%.
Squirrel will advance your funding against our standard progress schedule*:
Progress | Funds advanced |
Excavation | 7.50% |
Floor down | 7.50% |
Framing complete | 15% |
Roof on, wrap and cavity | 10% |
Enclosed | 25% |
Lined | 15% |
Prepaint | 10% |
Completion | 10% |
*We are happy to agree to an adjusted schedule with builders if your build process is different.
For progress payments, we only require a photo of the build and a photo of the latest council inspection.
This is a loan that is available for a single build. It suits builders who only have an adhoc need for funding builds.
Squirrel can approve up to a $2m turnkey facility for your build company.
The first step is to talk to one of our new build specialists about your next turn-key project.
NZ Wide: Ben Goldsmith
Auckland - North: Marilize Visser
Waikato/Bay of Plenty: Paul Davey
Property development carries with it many risks and currently it’s perhaps the most difficult market to find finance...
Growing house construction is a substantial boom for the economy through extra business for materials manufacturers ...
There are numerous reasons to regularly review your mortgages and make sure you still have the right overall solutio...
Nikhil
Auckland, [New Zealand]
Eleanor was very helpful and guided us throughout the process. Eleanor always responded to our queries regardless of how small or big it was and made the whole process stress free for us as a first home buyer. Thank you Squirrel & Eleanor NikhilN
Barbara
Auckland, [New Zealand]
Ben Goldsmith is an excellent mortgage broker. His communication was warm & efficient & he was quick to respond to our queries. He came highly recommended from a real estate agent we know & we will recommend him to our friends & colleagues.B
Ritnesh
, New Zealand
Sudam gave me good advise from start ti finish for my home purchase. Very knowledgeable and efficient person.R
Jaimin
, New Zealand
Aatish was really professional and panctual on communication to keep.me up to date with what happening with application and made refinance process very easy. Awesome customer service!J
Tanya
Hawkes Bay, [New Zealand]
Paul was recommended to us and we're so glad he was. Paul went above and beyond excellent service. Answering all our first home buyer questions and genuinely listening to us and giving us sound advice.T
Joel
Auckland, [New Zealand]
JB was super helpful, proactive and prompt. He quickly understood what I needed from this loan, researched the market and gave me a clear range of choices. After we discussed how to proceed, he made it happen super quick. Well done.J
Gaelyn
Auckland, [New Zealand]
It was easy from start to finish. I felt well informed and my needs were exceeded. A very simple and satisfying process.G
Jacque
Christchurch, New Zealand
I dealt with Faye Foster as my mortgage broker to help purchase my first home. She was really supportive, encouraging, friendly and approachable and had great communication. I would recommend Faye to anyone seeking a broker, she helped me own my first home.J