With over 15 years of construction home loan experience, Waterstone Finance is an exclusive mortgage brokerage service available only to Henley customers.
Our mortgage brokers will evaluate your existing financial situation and provide you with a comprehensive and personalised home loan solution. We understand the complexity of construction finance and we know what to look for when we compare various lenders and products, so you can be confident in the recommendations we provide.
Waterstone Finance can offer onsite preliminary qualification at our display centres, which means you’ll quickly and easily understand your borrowing capacity and best finance options for your situation.
- Free, no obligation service: An initial 10 minute conversation is all it takes to discuss your financial situation. Free, comprehensive and personalised, Waterstone Finance operates out of Henley display centres for your convenience.
- Easy to compare: We compare hundreds of home loans from a vast number of banks and lenders to help you find the right home loan and finance solution. Whether you’re a first home buyer, upgrading your home, need to refinance your mortgage or you’re buying an investment property, our specialists can help.
- Expert advice: Our fully accredited brokers have extensive experience in putting together new construction home loans. You’ll be guided through the entire process to ensure you have peace of mind that you’ve found the right home, and the right financial solution for you.
- Quick approval: We deal with the banks and lenders on your behalf, saving you time, effort and stress. Why do all the hard work when we can do it for you?
Need to know info about your deposit
Four bedrooms, double garage, two bathrooms - some houses sound the same, but most look completely different on paper - sometimes it's the same when it comes to finance and deposits required.
New home construction finance is structured differently to purchasing an established home or buying ready built, with phases of payments due to represent the work completed at that time.
Most builders require a 5% deposit upfront to secure the current pricing and/or promotion, but at Henley, we have listened to our clients and we only require a 3% deposit.
On a contract value of $250,000, that’s a difference of $5,000 just in the amount of deposit required! This $5,000 is then carried on your loan throughout your entire construction process, accumulating interest along the way - which makes a 3% deposit more attractive from the outset.
During the construction of your new home, payments must be made in stages – this is known as the standard HIA Progress Payments Schedule. These progress payments are a percentage of your new home contract total and are defined by the State Government.
We charge less upfront than the standard HIA Schedule, whereas some other builders charge a higher percentage earlier on in your build. This means that by the time your frame is complete, you may have been charged 50% of your build with other builders, whereas with Henley, you will be charged 28% - that means $55,000 less that you have to pay upfront, on a contract value of $250,000.
This is your hard-earned money being invested into your home, and we’d rather see you save on interest payments to your bank than fund our business! It’s just another way we look after our customers
We charge less upfront than the standard HIA Schedule, whereas some other builders charge a higher percentage earlier on in your build.