Finance your transportable home today!

Buying a transportable home just got a lot easier with Able Spaces. You now have TWO options available!

A – You can go apply for the Prebuilt Loan Mortgage product through Westpac via one of their mobile mortgage managers. We have done all the paperwork they needed of us, so now it’s up to you to apply like you would for a standard construction loan. The only difference is your home will be built in our factory.

B – Apply for a personal loan through Oxford Finance. Here’s the application form that you can fill it and email back to norma@ablespaces.co.nz or directly to Oxford at Loans@oxf.co.nz

Portable home loan example

  • 2 bedroom (12m x 4m) house purchase: $79,999
  • Delivery: $1,500
  • Application fee: $250
  • Total: $81,749
  • Deposit: $10,000
  • Weekly repayments over 5 years at 10.95%: $362.25
  • Weekly repayments over 10 years at 10.95%: $230.25

Commercial building loan example

  • 6m x 3m Lunchroom: $23,500
  • Delivery: $1,000
  • Application fee: $250
  • Total: $24,750
  • Deposit: $1,000
  • Monthly repayments over 5 years at 11.95%: $529.21
FAQ
How does the Prebuilt loan work?
A Prebuilt loan is similar to a normal construction loan, except that it covers homes that have been built in our factory rather than a traditional new home built on-site. You will need additional insurance cover during the different stages of the construction including the initial construction (Contracts Works), 10 year guarantee (Halo) and transportation to site (Tranzit insurance). All of which Able Spaces offers.
What are the benefits of a Westpac Prebuilt loan?
  • Requires as little as 10% deposit (If lending for the project is over 80% LVR (loan-to-value ratio) for owner occupiers or 65% LVR for investment properties, it must be a new build with a single fixed price contract that specifies a completed, ready to live in property)
  • A loan on prefabricated homes that are more efficient to build, usually result in a faster build at a lower cost
  • 12 months conditional approval so you have plenty of time to find the right section and plan your build (Eligibility and lending criteria, terms and conditions apply. Contact Westpac to learn more)
Who can I talk to about the Prebuilt loan?
If you feel like Prebuilt Loan might be suitable for you, just get in touch with a Mobile Mortgage Manager. They can meet you at work, at home, or pretty much anywhere and they have dealt with some of our clients already. They’ll meet you at a time that works best for you and are available seven days a week, and can provide no obligation advice on the process. Easy as that!
What is the cost of finance through oxford Finance?
  • Application fee: $250
  • Account maintenance fee: $2.50 This fee is charged per loan installment
  • Other charges may apply as set out in the Schedule of Fees and Charges
What will my repayments be through oxford Finance?

Check out Oxford Finance’s online repayment calculator

Please note the repayment calculator is based on a fixed annual interest rate of 11.95% and is a guide only. Actual interest rate may be higher or lower. The calculations is an estimate only and the rates you are offered upon successful application are subject to Oxford Finance Limited’s T&Cs and lending criteria

Oxford Finance is a Qualifying Financial Entity. Oxford Finance is licensed by the Financial Markets Authority as a Qualifying Financial Entity for the purposes of the Financial Advisers Act 2008.

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