Renovation finance from Heritage

Whether you’re a first time renovator or a seasoned “professional” financing your renovations and keeping your costs in check has impact when it comes to the success of your project. Knowing where to start with financing your renovations can be a daunting thought. It pays to do your homework and seek advice from our lending specialists to see what is best for you.

There are a number of ways to finance your renovations. These include:

  1. Borrow enough money to cover renovations when you take out your mortgage – or, refinancing your mortgage to borrow enough to cover your renovations.
  2. Keep your savings in an offset account attached to your mortgage so you can save money off your interest repayments and access funds to pay for your renovations when needed.
  3. Apply for a personal loan to finance your renovations.
  4. Apply for a credit card to finance your renovations.

Whether it’s a bathroom revamp or a multiple bedroom extension you’re after, our lending experts are ready and waiting to help you find the best way to finance your home renovations.

These popular loans might suit you

Discount Variable from

3.79 %pa
3.84 %pa

Our cheapest, simplest variable rate loan, is still packed with features.

Find out more

Offset Accounts

Pay off your home sooner and save money at the same time.

Find out more

Get our FREE eBook

For more information about renovating your property download our FREE Little eBook of Renovation Tips. You’ll find lots of great information such as why it is important to invest your money, how to finance your renovations, budget considerations for renovating and how to save money along the way.

The Harris family from Applethorpe are saving $135 a week with their Heritage Bank home loan

Switch your home loan from one of the big four banks to Heritage.

Find out how much you could save

Package your home loan and save, with the Home Advantage Package

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Saving calculated as at 11 March 2015 on first 12 months after switching a mortgage from a big four bank rate to Heritage's 3 year Fixed Rate Home Loan. Conditions, criteria and fees apply.

* Based on a $150,000 loan over 25 years. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.

Interest rates are on a per annum basis. Rates and discounts are correct as stated and subject to change without notice. Discounts shown are for new loans and do not apply to switches or internal refinances. Discounts are not available in conjunction with any other interest rate discount or special offer. All fixed rates are fixed for the period stated and revert to the variable rate applying at expiration of the fixed term. To approved applicants only. Conditions, criteria and fees apply.

Home Advantage Variable rates include discounts shown from the Standard Variable rate. Home Advantage Living Equity rates include discounts from the Living Equity rate. Discounts are based on total lending in the package.

This advice has been prepared without taking into account your objectives, financial situation or needs. Because of this you should, before acting on this information, consider its appropriateness having regard to your objectives, financial situation or needs.

Generate a personalised Key Fact Sheet based on your loan amount, term and repayments. This tool is provided to help you compare home loans from Heritage with other financial institutions.