E109. New policy for financing modular homes - with guests Carrie and Eliza from Uploans

Building Design, Prime Time

Are you considering a modular home but aren’t sure where to start? In this episode of the Building Design, Prime Time Podcast, hosts Amelia and Frank are joined by mortgage brokers Carrie and Eliza from Uploans to discuss the latest policy changes for financing modular homes. Together, they unpack the evolving world of modular housing, providing expert insights for homeowners, investors, and first-time buyers alike.

you will gain valuable knowledge on navigating loans, understanding evolving bank policies, and the practicalities of deposits, loan-to-value ratios, and approvals. Carrie and Eliza share real-world examples of common challenges financing modular homes and the complications of using the five stage building contract to fund them with banks

Carrie and Eliza break down the latest (and newly released) bank policies for modular home loans, including deposit requirements, loan-to-value ratios, and how lenders like Commonwealth Bank are changing their approach. They share strategies for navigating finance, protecting your investment, and understanding lender requirements so you can confidently move forward without surprises. They also share how lending can work using equity and highlight how using this construction method can affect property valuation.

From checking building contracts and approvals to understanding how modular homes are valued and insured, this episode gives listeners practical, actionable advice to make informed decisions about modular home builds. Whether you’re a first-time buyer or looking to upgrade with a modern, efficient modular home, this episode is packed with expert insights, tips, and stories to help you avoid costly mistakes and successfully finance your dream build.

This is an episode not to be missed! Be sure to subscribe so you don't miss an episode. We release one each week!

If you loved this episode and want to learn more about what mortgage brokers check out episode 66 & 67 when we last spoke with Uploans about financing options for your home or investment.

About us
Prime Design is a building design company locally owned and operated in Tasmania since 2004. Our goal is to share as much valuable information as possible about the process of building design, extensions, and more. We will talk about a different topic each week. To suggest a topic you would like us to talk about contact us at [email protected]

Disclaimer
The information provided on this podcast is for educational and informational purposes only and is not intended to be a substitute for professional advice, individual circumstances, or remedy. We strongly suggest you consult a qualified professional before taking any action based on the information provided in this podcast. The views, opinions, and information provided in this podcast are those of the hosts do not necessarily reflect the official policy or position of any other agency, organisation, employer, or company. All content provided on this podcast is provided “as is” without warranty of any kind. We make no representations as to the accuracy, completeness, currentness, suitability, or validity of any information on this podcast and will not be liable for any errors, omissions, or delays in this information or any losses, or damages arising from its use. We reserve the right to change content or delete any information provided on this podcast at any time without prior notice.