Hatch Financial Services

Explore Your Home Renovation and Construction Loan Options

Embarking on the journey to build or renovate a home is both thrilling and overwhelming – especially if it’s your first time.
We recognise the unique challenges that come with this process (both because we have renovated our own homes and because we have helped hundreds of clients to build/renovate homes).
Whether upgrading your current home or constructing a new one, we help you get diverse loan options designed to align with your vision and financial objectives.
Get in touch to discuss your options.

Understanding Your Loan Options

The journey starts with helping you to understand your borrowing capacity and the options available to you to fund your building project.
From there we move onto applying for finance and the construction process itself.
Getting construction loans (which cover new builds and renovations) approved and administered is typically far more involved than normal lending.
Our experienced mortgage brokers will help you set out a road map to success, get the loan approved and deal with the bank the entire way through the construction process.


  • Michael always responded quickly to our questions and updated us frequently throughout the process. He was always very friendly and we are very happy with our service.

    A & H Higuchi (2015) Cheltenham
  • Can do attitude.

    Gerard Wilson (2015) Bittern
  • Always responded quickly to all questions and made the process as easy as possible.

    Adam & Anna Leech (2014) Bentleigh East
  • Tim is an approachable, trustworthy person who is very easy to deal with.

    Amos Wilson & Alexa Jones (2013) Northcote
  • I have used Hatch Financial twice now and couldn’t be happier with their services. The whole process runs very smoothly.

    Ashley Froud & Elizabeth Dudgeon (2013) South Morang
  • The team from Hatch are always on call to help answer your questions or give advice. Even if that day is their son’s birth!!

    Adrian Vandenbergh & Nadia Cooke (2015) Thornbury
  • Tim provided us with easy to understand information and explained our options when buying our first home. He was friendly and made the whole experience a lot less daunting.

    Adam & Andrea Van Langenberg (2014) Mulgrave
  • Hatch is a delightful and fabulous financial service to deal with…I was at complete ease and had full trust with Tim and Hatch.

    Daniela Schillaci (2015) Elwood
Based on 32 reviews
Arie Jacoby
Arie Jacoby
We have used Hatch for 2 mortgages now and I can't recommend them highly enough. Tim and his team are always efficient and professional, explain the options clearly and make the whole process of obtaining finance straightforward and stress-free. I wouldn't hesitate to use them again.
Craig Fermanis
Craig Fermanis
Tim Gasper and his team have assisted us with all of our financial matters since 2007. His professionalism and expertise are quite incredible, and with our recent fairly complicated home loan adjustments he really went above and beyond. I am always recommending Hatch Financial Services to friends and colleagues and I am more than happy to do so here too!
Michael Hyde
Michael Hyde
I'm not loyal to any bank. But I am loyal to my broker. I've been with Hatch for 15+ yrs and they have always gone above and beyond to look after me
Nicole Goodman
Nicole Goodman
I recently purchased my first home and Hatch Financial Services were wonderful in guiding me along the process. Tim, Stella, Jimmy and Givane are all fantastic. Can't recommend Hatch more highly.
Laura Somerville Mather
Laura Somerville Mather
Hatch helped us get a great mortgage 6 years ago and have checked in with us over the years and reviewed our loan to make sure our rate is competitive and best suits our needs. We have always been very impressed with their service, they go above and beyond!
Tim saved us lots of money. His customer service is unbelievable. He proactively contacted us and reduced our rates without any costs. Can't get better than that.
Timothy Perri
Timothy Perri
My partner and I have been clients with Hatch for a few years, and we recently re-financed our home loan with Jimmy who was excellent to deal with. Jimmy was very responsive and informative, and always happy to answer questions throughout the entire process. I would recommend them to anyone who is looking for a mortgage broker, as they work very hard at obtaining the best outcome for their clients.
Donna Freeman
Donna Freeman
Tim has been our broker for over ten years and in that time his service has always been exceptional. It’s exciting to see his business develop with the quality team he has put together. Anyone who is supported by Hatch Financial knows quality and dedication.
Rob Marshall
Rob Marshall
Tim, Jimmy and the team at Hatch went above and beyond to help us buy our first home. We really couldn't have done it without them. Their knowledge and expertise took away so much of our stress, and allowed us to actually enjoy the experience of buying property. Thanks guys!!!
Meredith Lee
Meredith Lee
Jimmy has been very helpful and responsive on the multiple occasions I've had him organise my finance.

Finding the Right Loan for Your Project

Whether you’re envisioning a brand-new home or planning extensive renovations, securing the right home loan is paramount.
Hatch Financial Services is committed to finding the right home loan solution for your situation. Our experienced mortgage brokers navigate the intricacies of the finance landscape to ensure you not only secure a loan but also benefit from the most favorable terms.
Our mission is to make the entire process as smooth and stress-free as possible.
Take the first step towards your dream home today.
Get in touch with Hatch Financial Services, and let’s turn your vision into a reality.

Loan Options for Your Needs

Finding the right home loan is crucial when renovating or constructing. We collaborate with over 25 lenders, providing a diverse range of options tailored to your specific needs.
Our independent mortgage brokers will help you compare interest rates, loan features, and repayment structures to find the perfect loan for your situation.
Some of the methods of funding renovations and construction, include:
Cash Out/ Equity Release

Cash Out/ Equity Release:

For projects that do not involve structural works a borrower may be able to borrow against the value of their home to access funds. In effect the lender gives the borrower the money upfront and the borrower controls how it is used.

This is suited to projects where the borrower has equity in their home and is using the funds for things such as:

  • minor renovations (painting, redoing flooring, curtains/finishing’s)
  • kitchen or bathroom makeovers,
  • landscaping,
  • putting in a pool.
Construction Loans

Construction Loans:

The most common construction loan involves a Fixed Price Contract with payments tied to the completion of a limited number of physical stages (for example; deposit, slab, frame, roof, internal fixings, completion).

Alternative Construction Loans

Alternative Construction Loans:

Some builders require payment each month based on the percentage of the work completed.

Very few lenders will fund construction on this basis.

The lenders that will do it will only do so for construction works costing over $1-1.5m and the lenders will require additional conditions such as Quantity Surveyor Reports to go along with each monthly payment request and the borrower having a contingency fund (equal to 5% of the building contract) that the bank holds until the works are complete.

Owner Builder Loans

Owner Builder Loans:

Only a few brave borrowers go down this path and mostly they are builders themselves. To be an owner builder you need to have very strong equity in the property and lending to property ratios need to be low for a lender to consider. Only a few lenders will consider lending for owner-builders.

Start Your Journey with Us

Hatch Financial Services is here to ensure your financing journey is as clear and straightforward as possible.

Contact us to explore your loan options and begin the journey towards realizing your dream home.


Can I use a home renovation loan for any type of home improvement?
For small renovations where you have sufficient equity (that is the existing debt is small enough in relation to the value of the home and the amount of money sought) you may be able to use a standard home loan to finance your renovation (this applies to non structural renovations typically). For all other situations, structural renovations, new builds or where you don’t have sufficient equity in the property, you will need a construction loan
Can I get a construction loan if I am going to build my own home?
Only a few lenders will finance owner-builders where structural works are involved.  It is extremely hard to go down this path and it does require the borrower to have strong equity in their property to go down this path. If you are a registered builder this certainly helps but it is not a complete solution.
What are the interest rates for home construction and renovation loans?
Interest rates vary based on factors like your credit score, loan amount, and the overall lending environment. Rates for construction loans might be higher during the construction phase due to their unique nature.
Do I need a down payment for a home construction or renovation loan?
The builder will need a deposit but the lender will not necessarily need you to contribute a down payment yourself. It will depend on you borrowing power and the size of the loan relative to the property value.
How long does it take to get approved for these types of loans?
Approval times can vary depending on the lender and the complexity of your project. It’s generally longer for construction loans due to their detailed nature, the need for more documents in support of the application and the need to get a valuation of the property based on the project being competed.
Can I choose my own builder for a renovation or construction project?
Yes, in most cases, provided they are qualified/ registered builders and have the right licences and insurance.
How do I determine how much I can borrow?
Lenders will consider factors like your credit history, income, and the value of your property to determine how much you can borrow. Hatch will help you to work this out.
What happens if my construction or renovation project goes over budget?
It’s important to have a contingency plan &/or some surplus savings up your sleeve as it is hard to extra funds mid project. The risk of cost blow outs is why in many situations you will need a fixed price building contract covering the construction works. You may have more flexibility depending on factors like your income, the amount of equity or saving you have and of course lender policies.

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First time buyers, we’ll take you through the process step-by-step and make your first home purchase as smooth as possible.

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Thinking about purchasing an investment property for the first time? or maybe you’re a seasoned property investor?

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Thinking about renovating or construction on your home or investment?

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Looking for a better deal or structure on your current lending? Want to stay with the same lender or maybe move? or perhaps a small increase in your loan limit?

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Looking to upgrade your home? Will your family be growing over the next few years? or maybe its time to downsize as the kids have left the nest?

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Looking to purchase commercial property? Or maybe you need to borrow funds to start a new business?

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