Getting A Home Improvement Loan?

WE HAVE THE BEST OPTIONS FOR
HOME IMPROVEMENT LOANS

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couple installing furniture after approved home improvement loan

Get a loan for renovation, extension or redecoration of your home. It’s time to turn your house into the home of your dreams with approved home renovation loans. 

Home improvements can help make the most of your property – whether you’re wanting to extend your lounge, renovate your kitchen, convert your attic or add a new garden area or in-ground pool, all these can add value for your family or attract potential buyers.

Kiwis love home improvement projects, and home improvement loans are a great way to tackle expensive repairs or renovations to your house. Home renovation loans allow you to make the changes now and spread the cost over a number of months or years.

At One Stop Financial Solutions we can offer you the best lending options for home improvement loans and we make it easy to apply. 

Regardless of your reason to invest in a home improvement project, one thing is certain: it can be costly. Home improvement loans can offer easy and flexible funding for your project, whatever it is. 

WHAT YOU NEED TO KNOW 

A home improvement loan is available in two options: an unsecured loan or a secured loan – which is traditionally a Mortgage top-up, or a Construction loan for significant projects. Both options allow you to use the loan to fund home renovations or home extensions. The term ‘home improvement’ covers a range of changes you might want to make for your property from small to medium jobs like redecorating or reconstructing the garden, through to big and expensive jobs such as installing a new kitchen or adding a conservatory or lounge extension.

UNSECURED LOANS

An unsecured loan, also known as a personal loan, is one that isn’t secured against your property. Every lender provider will have a different limit on the maximum amount you can borrow with a personal loan. Most personal loans have a fixed rate of interest, which means you’ll pay the same amount each month throughout the term of the loan. The longer the loan term is, the cheaper the monthly repayments will be and the usual term is around three to five years, with a maximum of up to 7 years.

SECURED LOANS – 1ST OR 2ND MORTGAGE

This type of loan uses your property as a form of security. If you fail any repayments, the lender can take the property and sell it to cover any outstanding balance. ‘1st Mortgage’ is simply a regular home loan, via a top-up to your existing loan or with a new bank (refinancing).

Homeloans being secured are of course over a longer term (e.g 25-30 Years) and typically allow you to borrow larger amounts than personal loans, depending on your property value. They also offer longer periods for repayment compared to unsecured loans from as low as five years up to a maximum of 30 years. Paying back over a longer period means monthly payments can be much lower but that also means you’ll pay more in interest overall.

Getting a home renovation loan helps you spread out the cost of a project with monthly payments over a set period of time. An unsecured personal loan is typically a common option that comes with fixed repayment terms and fixed interest rates. This means you may be able to carry out a whole list of home improvements with just one loan you know you can afford. The total amount you pay back will depend on the rate of interest you’re charged as well as the length of the loan.

WHY CHOOSE ONE STOP FINANCIAL SOLUTIONS

  • ZINSTANT INDICATIVE DECISION
  • It takes minutes to apply online. We’ll give you an indication within 24 Hours on the viability of your project with regards to finance. Albeit not a formal approval, it arms you with enough information to decide to proceed with our services or not in the shortest time possible. We then get to work in finding you the best home renovation loan in NZ with the best rates, flexibility and minimal to often zero lending and broker fees*.
  • ZTRUSTED LOAN PROVIDER
  • With expert financial advice and years of industry experience, One Stop Financial Solutions is your trusted loan provider in Auckland. We know the market best and we will be in your corner to get you the right home renovation loan you deserve.
  • ZFREE ADVICE
  • We do the heavy lifting and hunting, so banks and lenders pay us a commission which means you don’t. Our expert financial advice is 100% free and we only get paid when you take out a loan with us so it's always in our best interest to find you the best home loan top up.

*Disclosure Statement

WHAT TO CONSIDER BEFORE YOU GET STARTED

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Plan Your Home Improvements

First of all, it’s important to plan what home improvements you want done to your property and an estimate on how long this would take. Get a project plan together and get in touch with contractors on their availability and a rough quote. Be aware of the busy periods (such as the holiday season) with other DIY-ers also keen on home renovations.

Work Out What You Can Afford

Once you have a home improvement plan and its cost in place, you can then work out what you’re able to afford. Take time to review your income, spending, and any financial commitments you have currently as well as in the near future. Calculate how much you can afford to repay each month and for how many years.

Find a Loan That Fits

Based on the information provided, we take a look at our extensive network of lenders to bring you a range of loans for renovation that offer the best mix of rates, flexibility and fees. We can then sit down and compare loans from a variety of providers and carefully consider the terms and conditions to make sure you can meet them.

WHAT HAPPENS NEXT?

With so many options to choose from, finding the right home loan can seem overwhelming. Our home loan specialists will work with you to understand your requirements and take a closer look at your current mortgage situation and financial situation. One Stop Financial Solutions will handle your home loan for you from start to finish, giving you the reassurance of expert home loan advice and ongoing support. With access to hundreds of lenders and different home loans we want to meet your goals and needs and are here to make sure we’re offering you the best home renovation loan that’s right for you.

See what our clients have to say

Social Rating
5.0
Based on 27 reviews

Matt Has provided me some great information on both my kiwi saver and insurance. He was able to save me money as well as get me more coverage on my current policy. His kiwi saver information was fantastic. Matt took the time to understand my needs and morals around where my money would be invested and provide me a couple of options to look at. If you want someone who has lots of information up to date on technology and provide you honest and good results Matt is your guy
Dominic Earl-Peacock
Dominic Earl-Peacock
23:37 04 Dec 23
This is now the second time I have used Matt for his financial services and he delivered again in a rough period for banks lending too. I would definately recommend him to anyone looking for a broker as he makes the whole mortgage process very simple. Thanks Matt for all the amazing work you have done for us!
Terry Hill
Terry Hill
18:59 03 Oct 23
Using Matt and his team was a game-changer. From the get-go, their clarity in communication and promptness in response stood out. Their in-depth knowledge of products across home loans, insurance and KiwiSaver gave me the confidence that I was making the right choices. The cherry on top? Their warm and welcoming nature that made the entire process feel like a breeze. A great experience from start to finish – can't recommend them enough!
Josh Kumar
Josh Kumar
22:13 27 Sep 23
Matt & team. Thanks for the super effort and guidance through the mortgage application process. Best in the business and can highly recommend Matt's services.
Brenda Lesser-Dorfling
Brenda Lesser-Dorfling
02:36 27 Sep 23
A couple of years ago Matt showed me an amazing spreadsheet which led to me buying another house which I’m about to settle. Everyone should know what Matt taught me. He and his team have been amazing with their advice and facilitation of everything. Can’t speak highly enough about Matt and his team.
Ngawai Henare
Ngawai Henare
02:06 31 Jul 23
Matt is awesome to work with. Made purchasing our 1st home easy
Marie Kite
Marie Kite
21:14 26 Jun 23
Matt and his team is really great at what they do... always keep you posted on the proceedings and give genuine advice.Keep up the great work @Matt Willoughby
VIKAS JARIYAL
VIKAS JARIYAL
02:42 01 Mar 23
Patient and knowledgeable. Matt guided us through our first home purchase and, a few years later, organised insurance for the family (with a pretty non-standard situation and series of requests). Thanks again!
Damian Sycamore
Damian Sycamore
21:12 08 Dec 22
I absolutely 100% recommend Matt. Not only is he damn good at what he does, Matt also humanises the whole industry and process. Before Matt was my broker I found everything so daunting but Matt made everything easy and took so much stress off me - giving so much help, guidance and simplifying every step of the way. Most importantly, he made getting my dream home happen!
Angie F
Angie F
21:21 29 Nov 22
Matt is a highly efficient professional. He’s a pleasure to deal with and was very helpful in coming up with a plan that suited our situation.He’s an investor himself so can provide sound advice around building a property portfolio unlike a lot of brokers who only know loans and insurance.I highly recommend his services and look forward to using Matt again for our next investment property.Thanks mate 😁
Mitchell Nock
Mitchell Nock
09:34 11 Nov 22
Matt is an excellent financial advisor who guided us through the tricky process of securing our mortgage. Very thorough and professional, yet friendly and relatable would be how I would describe Matt’s approach.
Dan Frost
Dan Frost
19:16 08 Nov 22
We were over the moon when we found out our finance had been approved for this beautiful home. We purchased a home for our parents as they were getting the boot out of their rental and it was important that we gave them a stable home. Would definitely recommend these guys and will return.Thanks again Matt
Nicole Faulkner
Nicole Faulkner
21:23 02 Oct 22
Matt and the One Stop team were incredibly helpful securing my mortgage and insurance. He thought out side the box and worked hard to overcome a few hurdles along the way. He was incredibly professional yet relatable and approachable. He made my first home buying experience incredibly smooth and easy. Thanks Matt!
Gavin Woodward
Gavin Woodward
21:57 19 Oct 21
A great help. made things so much easier for us
Baby Online
Baby Online
04:58 08 Jun 21
Wow what can I say, my first home buying went so much smoother than I ever imagined! I knew absolutely nothing about mortgages and Matt had explained everything in terms I could totally understand. He made the whole process smooth and seamless, without much work from us because him and his team had done it all! Thank you so much for everything you've done so far 🙂
Olivia Atrushi
Olivia Atrushi
02:47 08 Jun 21
Matt Willoughby and TeamProfessional, Caring and ProactiveWords cannot explain how grateful we are to work with Matt and his team to buy our very first home. They made the impossible possible. We were delighted by their professionalism and how proactive they were throughout this whole process. Matt and team got our trust from day 1 cos he showed that they care and will do everything possible to make things work. To Matt, Dave and the rest of the Team Matt Willoughby East Tamaki. Thank you so much for your guys relentless effort. We are proud first home owners and we forever appreciate you.
ea faletau
ea faletau
04:10 16 Apr 21
Matt was easy to work with and did a great job of negotiating good rates for our mortgage. Our pre-approval came through really quickly thanks to Matt and his team. We found the advice received on how to structure the mortgage very clear and helpful.
Natalie C
Natalie C
08:28 07 Apr 21
Matt and his team were amazing during the entire house hunting and purchasing process. We crossed the line with a wealth of knowledge thanks to Matt taking the time to simplify and considerately interpret the sometimes confusing nature of having a mortgage. Thanks again.
Matt Setefano
Matt Setefano
19:42 24 Feb 21
I will recommend Matt to everyone. My partner and I owe him for helping us get into the Auckland property market. Not only is he professional, simplifies the daunting process of purchasing a home. He is always a phone call away when you have any questions (very quick in returning a call).When issues or concerns were raised by the bank, Matt went into fight for us and got us across the line.Thanks Matt, five stars ⭐️ ⭐️⭐️⭐️⭐️
Paul Norman
Paul Norman
05:35 29 Sep 20
Matt and his team were awesome at helping us into our first home. They were professional, communicative and would go out of their way to ensure that we were tended to at every stage of the process.
Dominic Schryvers
Dominic Schryvers
23:01 18 Mar 20
My husband and I had a 3year goal in place to buy our first home. A friend of ours told us about Matt Willoughby so i sent him a text. Matt and his amazing team were able to help us buy our first home in less than 6months. What seems impossible quickly became a reality for us.Although a few hiccups on the way, matt was able to quickly fix it and inform us along the way. Ive seen people go through this process of buying a home and being stressed, but our experience was great! absolutely recommend Matt and his team.Thanks again Matt and team for helping us.
Vaioleti Atiola
Vaioleti Atiola
03:08 21 Feb 20
Our dream of being first home buyers seemed unreachable until we found Matt! Thankyou so much for the awesome advice and encouragement along the way. Excellent!!
Melanie Boyce
Melanie Boyce
05:06 28 May 19
We would not have been able to fulfill the kiwi dream and buy our first home if it was not for Matt Willoughby Ltd. They respond quickly and were able to communicate in a way that let us understand the entire process. Will use again for any lending in the future.
Tim Booth
Tim Booth
01:15 23 May 19
Absolutely fantastic, really communicative and patient for a first-home buyer that hasn't gone through this process before. Would highly recommend his services.
Shane Henderson
Shane Henderson
03:24 08 Mar 19
Matt Willoughby you have helped both me and my partner so much! You have exceeded all expectations and gone above and beyond! Matt helped me and my partner re-finance our mortgage he helped us with everything! It was a struggle as it felt like everything that could go wrong went wrong but he persevered and not only got us a "good" interest rate he got us the BEST interest rate and the BEST repayments. I would highly recommend Matt as he makes the impossible happen and doesn’t pass that stress on! Matt you are amazing take credit you deserve this so much you literally ease the stress and you take the weight off your client’s shoulders! You have done an amazing great job Thank you SOOOOOOOOOOOOOO MUCH 100+ Stars 🙂
Flo & Geoff
Flo & Geoff
20:45 20 Dec 18
So helpful! Matt helped secure us a really good rate with great cash back and a loan structure that will take years off our mortgage!
Laura Thompson
Laura Thompson
20:10 06 Dec 18
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