Funding Solutions
Finance to Get Your Relocatable House On Site and Connected
When the bank won't lend until the house is fixed to the land
Your trust has consent, the house lined up, and the costs to get it on site and connected, to add an income-producing second dwelling to a property it already holds. Banks generally won't fund a relocatable house until it's fixed to the land, since until then, there's nothing for them to secure the loan against. Flexy lends against the equity already held in the property instead, so the project doesn't stall on the last, most important step.
Up to $150,000
Offers within 24 hours
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How Flexy helps
We lend against the equity in the property you already hold as a company or trust, without disturbing the existing bank mortgage. Because a relocatable house isn't security a bank will lend against until it's fixed to the land, we fund the gap to get it there instead.
Your exit is usually the clearest part of the application: once Code Compliance is issued and the property is revalued, a refinance to the bank is often already lined up.
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Which Flexy loan is right for you?
Both loans release the equity in your property. The difference is how you repay. Pick the one that matches your cash flow and your exit.
Product
2-Year P&I Equity Release
Borrow up to $50,000 against your property equity and repay it steadily through regular principal and interest payments over up to 24 months. Your balance reduces with every repayment and your bank loan stays in place.
Eligibility criteria: You will need sufficient cash flow to support regular repayments to qualify.
Term: Up to 24 months
Repayments: Principal and interest
Principal: Repaid progressively
Product
Short-Term Equity Release
Borrow up to $150,000 against your property equity for 3 to 12 months, with interest-only repayments and the principal repaid as a lump sum at the end. Your bank loan stays in place, no refinancing required.
Eligibility criteria: You will need a suitable lump-sum repayment plan is required to qualify
Term: 3-12 months
Repayments: Interest only
Principal: Repaid at end of term
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Why it worked: The last piece to get a relocatable house connected
The situation
A client had consent approved to add an income-producing second dwelling to a title they already held, and a relocatable house lined up. Most of the project was self-funded, and what remained was the cost to get the house on site and connected, which the bank wouldn't lend against until then.
What we did
We funded $90,000 against the equity in the existing property to get the house on site and connected.
The outcome
Once Code Compliance was issued and the property revalued, the loan was refinanced to the bank, exactly as planned from the outset.
How Flexy lending works
01
Apply online in minutes
Provide your property address, the amount you need, the purpose of the funds and your repayment plan.
02
Fast assessment
Flexy reviews your available equity, LVR and ability to service the loan. Once we have a complete application, we aim to issue a loan offer within 24 hours.
03
Receive your funds
Accept the offer, complete the remaining requirements through your online portal, and Flexy arranges settlement. Caveat loans can fund within days. Repeat clients can be funded same day.
Related purposes
Read about the other purposes Flexy can fund, and find the right option for your situation. Flexy offers two pathways, depending on your exit strategy: a short-term loan with a lump-sum repayment, or a 2-year option you repay gradually as you go.
Instant estimate
How much can I borrow?
See what your property equity could unlock. Enter a few details for a free, instant estimate, with no obligation and no effect on your existing bank mortgage. It takes about a minute.
Flexy is a direct lender, so you deal with the decision-makers directly. Your existing bank loan stays in place, no refinancing required. No tax returns or profit and loss statements to gather, and loan offers are issued within 24 hours of a complete application.
Frequently asked questions
Can a company or trust get funding for a relocatable house before it's fixed to the land?
Why won't the bank fund a relocatable house on its own?
How is this loan usually repaid?
Does the bank need to know about this loan?
What happens if Code Compliance or the refinance is delayed?
Prefer to talk it through?
Call 021 294 8742 or email hello@flexy.co.nz
Lending is subject to approval. Loans are available to New Zealand companies and trusts for business or investment purposes only. Interest rates, fees and lending criteria may change without notice. Flexy Limited, FSP1006845. Terms and conditions apply.
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Is this your situation?
Consent's already approved for an income-producing second dwelling, and you've got a relocatable house lined up
You've largely self-funded the project, but need the remaining amount to get the house on site and connected
The bank won't lend against the house until it's fixed to the land and has a valuation
The plan is to refinance to the bank once Code Compliance and a new valuation are in place
You'd rather not touch your existing bank mortgage to get there
If any of these sound familiar, we can usually give you an answer within 24 hours.
What situations we help with
