The construction of a house is a complex process. The complexity increases manifold when a consumer decides to opt for a residential construction loan as this involves many stakeholders – contractors, builders, lenders, quantity surveyors, accountants, and the council.

As it so happens, unlike a conventional loan where it is relatively easy to submit documents and get timely approval, when it comes to construction loans majority of brokers are not fully conversant with the process and timelines. This is because every lender processes the loan in their own manner and also because the chances of a communication breakdown are high as there are so many parties involved.

This course has been designed to give learners an understanding of the key concerns of the lending process for the construction of residential properties, how construction loans advance progressively over time and how and when the documents are presented in the entire construction process.