Westpac Prebuilt Home Loans in NZ

We’re proud to announce we’ve made financing a transportable or modular home much easier for our customers by teaming up with Westpac and their new Prebuilt Home Loan mortgage product. We have been through the accreditation process with Westpac to make getting a prebuilt home mortgage a much more realistic option for our customers.

We can provide the insurances required for the build and are a NZ Certified Builders Association member. These insurances include Contracts Works, Tranzit Insurance and 10year Warranty on the home.

If you’re interested in buying a transportable home but have been put off by the cost of financing through other finance companies, get in touch and ask about how we can help. Alternatively, you can contact a Westpac Mobile Mortgage Managers directly. We have a few Mobile Mortgage Managers throughout the country who have already been through the process with some of our clients. They will go through the standard lending application with you for the Westpac Prebuilt loan.

Prebuilt loan example

Able Spaces House purchase $100,000
Delivery $2,500
Site works costs $50,000
Section costs $150,000
10% Deposit $30,250
Total Loan $272,250
Loan Term 30 years
Interest Rate 4%
Repayment Frequency Fortnightly

Minimum fortnightly payments


Loan amount $272,250
Total number of payments 782
Total interest payable* $194,829
Total amount payable* $467,079

*This is an indicative amount only based on the loan amount and interest rate selected. The calculations assume a constant interest rate for the life of the loan, however rates will change over this time and as such the calculations are a guide only.


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.

    • 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!

    Talk to us about next steps