Renovating your house
Expert renovation home loans and construction loans tailored to your project
Rated 5 from 45 Reviews
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Expert renovation home loans and construction loans tailored to your project
Rated 5 from 45 Reviews
Renovating your house is one of the most rewarding investments you can make in your property. Whether you are planning a full kitchen and bathroom overhaul, adding a new storey, or extending your living areas, securing the right renovation home loan is what turns your plans into reality. Premier Path Finance works with homeowners across Melbourne, Victoria and nation-wide to access home loan options from a wide panel of banks and lenders, ensuring your renovation funds are in place before the first tradie arrives on site.
Understanding your renovation finance options is essential, because different projects call for different funding structures depending on your renovation costs, timeline, and overall budget. Premier Path Finance can help you explore construction loans, home improvement loans, and renovation mortgages that suit your specific circumstances. Whether you want to access equity from your existing property through refinancing to release equity, or require a new loan to cover the full scope of works, our brokers will walk you through both variable and fixed interest rate options, loan-to-value ratio (LVR) considerations, council approval requirements, and how to structure your cashflow so the project runs smoothly from start to finish.
The financial benefits of renovating your house extend well beyond the immediate improvements to your living space. Strategic renovations can substantially lift your property's value and strengthen your position whether you plan to stay long-term or sell. Premier Path Finance has extensive experience helping clients fund everything from cosmetic updates to major structural works, and we understand how renovation valuations work so you can make financially sound decisions. We also provide guidance on managing your budget effectively, choosing a reputable builder, and timing your renovation to optimise both your financial position and the construction process.
Working with Premier Path Finance means you benefit from our relationships with numerous lenders across Australia, giving you access to rates and loan structures that many homeowners cannot obtain independently. For larger projects requiring staged drawdowns, the difference between a standard home improvement loan and a specialised construction loan can be significant. Our brokers assess your equity position, borrowing capacity, and renovation goals to recommend the most suitable solution, and we explain exactly what documentation you will need - including council approvals and permits - so there are no surprises along the way.
Whether your goal is a more functional family home, a property prepared for sale, or simply a space that better reflects how you live, Premier Path Finance is committed to making renovating your house financially achievable. Our comprehensive approach means we support you from initial concept through to completion, ensuring your renovation finance is properly structured, your funds are available when needed, and your project stays on track. Reach out to our team today to discuss your renovation plans and find out how we can help you access the right home loan to transform your property.
"Every renovation project is different - and so is every client's financial situation. Our process is designed to be transparent, thorough, and focused entirely on getting you the right outcome."
We start with a genuine conversation about your renovation plans. Whether you are updating a kitchen, adding an extension, or undertaking a full structural renovation, we take the time to understand your vision, your timeline, and your budget. This helps us identify the most suitable renovation home loan options from the outset.
We review your income, expenses, assets, and liabilities to build a clear picture of your borrowing capacity. This step also identifies whether you have usable equity in your property, which can be a powerful funding source when renovating your house without taking on an entirely new loan.
With your financial profile in hand, we search across our lender panel to find construction loans, home improvement loans, or renovation mortgages that align with your project scope and goals. We present your options clearly, including rate structures, drawdown arrangements, and any LMI considerations, so you can choose with confidence.
We handle the documentation and prepare a thorough application on your behalf. This includes coordinating builder contracts, council approvals, and any supporting paperwork your lender requires. A well-prepared submission means fewer delays and a smoother path to approval.
Once your loan is approved, we guide you through the drawdown process so funds are released at the right stages of your renovation. We liaise with your lender and builder to keep everything aligned, ensuring your cashflow supports the construction schedule throughout.
Our relationship continues well beyond settlement. Once your renovation is complete, we review your loan to ensure it remains well-structured and suited to your evolving financial goals. We are always available to discuss refinancing, equity access, or your next property move.
At Premier Path Finance, we guide each client along a transparent, confident path to home ownership and lasting financial wellbeing. Drawing on more than 25 years of combined banking and finance experience, our award-winning team delivers mortgage strategies that are both sophisticated and straightforward.
Founded by Luke Owen and Michael Kirk, we built our firm on a simple belief: lending should never feel overwhelming. Whether you are a first-home buyer, seasoned investor, business owner or high-net-worth professional, we are by your side with clarity, integrity and genuine care.
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Shannon Campbell
We originally went to our bank with our complex file and felt under appreciated when our banker didn’t want to take the time to understand our needs. We then approached Luke who took less than 24 hours to provide us with an indicative and subsequently a pre approval. Our bank said it was not possible. We felt valued, appreciated and supported. Our family was able to purchase an investment property for our future and Luke was able to make that possible. Highly recommend.
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Stacie Karas
We have dealt with Luke from Premier Path Finance on numerous occasions for purchase of properties and refinances. Luke is very responsive and nothing is too much trouble. He has his clients’ best interest at heart! Every dealing has been a smooth and stress free transaction and we would not even consider engaging anyone else in the future. Highly recommend!
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Is
Luke was amazing helping me buy my first property, from our initial chat and chatting about my circumstances and next steps right through to settlement! Luke was always happy to answer my questions, talk through the process and give me all the options, and made a process I had no idea about as seamless as possible. Couldn’t recommend more highly!
Banks can only offer their own products. At Premier Path Finance, we compare a wide range of lenders to help you find a loan that suits your goals and circumstances.
We do the research, paperwork and negotiations on your behalf, making the process simple, stress-free and easy to understand.
Currently over 80% of loans in Australia are provided through a broker instead of directly at the bank, due to the options a broker can provide.
There is no cost to you for using a broker.
We are paid by the lender once your loan settles, which means you won't pay any additional fees and there is no impact on your interest rate or loan terms. Our service is designed to make the process easier by doing the research, comparing lenders and managing the paperwork on your behalf.
With Premier Path Finance, you receive expert advice and support at no extra cost, while we do the hard work for you.
Your borrowing capacity depends on factors including:
• Your income
• Existing debts and expenses
• Deposit amount
• Employment type
• Credit history
We'll assess your situation and help you understand your borrowing power before you start looking for a property.
Many lenders allow eligible borrowers to purchase with as little as a 5% deposit. A larger deposit may provide more lender options and help reduce costs such as Lenders Mortgage Insurance (LMI).
We'll guide you through your options and explain exactly what you'll need.
Pre-approval is an indication from a lender of how much you may be able to borrow before you purchase a property.
Pre-approval can help you shop with confidence and understand your budget. We'll manage the entire process and liaise with the lender on your behalf.
Timeframes vary depending on the lender and your circumstances. Many approvals are completed within a few days to several weeks.
Our team keeps the process moving and handles the communication with lenders, making everything easier for you.
Absolutely.
Buying your first home can feel overwhelming, but we'll guide you through every step. We'll explain the process in plain English, help you understand your borrowing capacity and determine whether you're eligible for grants and concessions.
Depending on your circumstances and location, you may be eligible for:
• First Home Owner Grants
• Stamp duty concessions
• Home Guarantee Scheme initiatives
We'll help you understand what support may be available and whether you qualify.
Yes.
A guarantor loan may allow eligible borrowers to purchase with little or no deposit while avoiding LMI.
Using a family guarantee in some cases can cover the full purchase cost of a property, inclusive of stamp duty (105% lend), with identical loan terms to a standard loan.
We'll explain how guarantor loans work and whether they're suitable for your circumstances.
Lenders Mortgage Insurance is generally required when you borrow more than 80% of the property's value.
LMI protects the lender, not the borrower. The cost varies depending on the size of your loan and deposit. We can help you understand whether it applies and explore options to minimise or avoid it.
Refinancing may help you:
• Lower your interest rate
• Reduce repayments
• Consolidate debts
• Access equity
• Improve loan features
We'll compare lenders and manage the refinancing process from start to finish.
Yes.
If your property's value has increased or you've paid down your loan, you may be able to access equity for:
• Renovations
• Investment properties
• Debt consolidation
• Personal expenses
We'll help you understand how much equity may be available and which options suit your goals.
Yes.
We assist investors with:
• Investment property loans
• Equity release
• Portfolio growth
• Interest-only lending
• Refinancing existing loans
Whether you're buying your first investment property or expanding your portfolio, we'll help create a strategy that aligns with your goals.
Yes.
Depending on your circumstances, some lenders offer low-deposit home loans and government schemes may also help eligible buyers enter the market sooner.
We'll explain your options and help you find a pathway into home ownership.
A fixed rate provides certainty by locking in your interest rate for a set period.
A variable rate can change over time and often offers greater flexibility, including offset accounts and extra repayments.
We'll explain the pros and cons and help you choose the right loan structure.
An offset account is a transaction account linked to your home loan.
The balance in the account reduces the amount of interest charged on your loan, potentially helping you save thousands over the life of your mortgage.
A construction loan is designed for people building a new home.
Funds are generally released in stages throughout the building process rather than in one lump sum.
We'll guide you through the process and coordinate with the lender and builder to help everything run smoothly.
Settlement is when ownership of the property is officially transferred and the loan funds are released.
We work closely with your lender, solicitor and conveyancer to ensure everything runs smoothly and keep you informed every step of the way.
We recommend reviewing your home loan every 12 to 24 months or whenever your circumstances change.
Regular reviews can help ensure you're still getting a competitive rate and the right loan features.
Multiple loan applications can impact your credit file.
That's why we carefully assess your situation first and recommend suitable lenders before submitting an application, helping you avoid unnecessary enquiries.
Premier Path Finance Pty Ltd ABN: 69 684 858 802. Credit Representative #570775 is authorised under Australian Credit Licence #384704.
Disclaimer: This page provides general information only and has been prepared without taking into account your objectives, financial situation or needs. We recommend that you consider whether it is appropriate for your circumstances and your full financial situation will need to be reviewed prior to acceptance of any offer or product. It does not constitute legal, tax or financial advice and you should always seek professional advice in relation to your individual circumstances.
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