What is Homepay?
Pause Your Mortgage Repayments on Your Home + Land For Up to 12 Months!
Take the pressure off while your home is under construction. Enjoy up to 12 months of paused repayments, helping you manage rent or existing loans without the extra stress. It’s a smarter way to gain financial flexibility and build your future with confidence.
Why use Homepay?
The benefits of Homepay include:
– Paused mortgage repayments for up to 12 months
– Competitive lending rates and trusted lenders
– Generous borrowing capacity*
– Avoid paying rent & a mortgage at the same time
Aston Homes is proud to be an accredited Homepay partner. By satisfying strict benchmarks for build quality, timely delivery, and financial strength, we ensure our clients feel confident and supported right from day one.
Who is Homepay for?
First Home Buyers
Maximize your potential: Access generous borrowing capacity which could help you potentially build a larger home or buy in a more desirable location.
Streamline your life: Ease the financial burden of concurrent rent and multiple loan repayments.
Build with confidence: Take advantage of up to a 12-month pause on mortgage repayments, allowing you to focus entirely on construction without financial pressure.
Second Home Buyers & Downsizers
Seamless transition: Eliminate the burden of managing two simultaneous mortgages.
Reduce financial stress: Build on your own timeline without the pressure of an immediate property sale or overlapping rent.
Enhanced potential: Benefit from increased borrowing capacity to bring your dream home to life.
Knock-Down Rebuild
Stay in the location you love: Seamlessly complete your knock-down rebuild without the heavy burden of paying rent or managing double mortgages.
Financial breathing room: Leverage Homepay to pause your loan repayments for up to 12 months during the build phase.
Unlock your block’s potential: Gain added borrowing capacity to build a larger, custom design tailored perfectly to your land.
Investors
Optimize your portfolio: Maximize your borrowing capacity to drive higher investment returns.
Income before outgoings: Benefit from a 12-month moratorium on mortgage repayments, allowing ample time to secure tenants.
Alleviate financial pressure: Minimize immediate strain and manage your cash flow with confidence.
Frequently Asked Questions
No. Before they partner with a builder, Homepay conducts an audit to ensure the builder meets their rigorous standards. This includes high quality builds, meeting industry build times and assured financial stability.
No. As of 2025 limited other products promote a build now, pay later concept. These products are often limited to a handful of builds in pre-defined developments and are limited to a specific builder who has not been through the Homepay Accreditation Process. Loan interest rates may also not be competitive and often the delay in repayments only cover the construction cost, but what about the land! Homepay delays repayments for both the construction and land loan which makes a big difference in what you need to fund out of your pocket.
The pause will commence at loan settlement (e.g. land settlement).
With a normal construction loan, you’re required to start making repayments from the day you settle on your land and continue paying throughout the entire construction period, no matter how long it takes! However, with a Homepay loan, you enjoy 12 months of paused repayments on both your home and land loan from the moment your loan settles. That means no out-of-pocket loan repayments during your first year, giving you breathing room while your home is being built! While repayments are paused, interest does gradually build in the background, but you won’t need to pay anything during this time — something no other lender offers. After 12 months, your regular repayments will begin, and the paused interest is repaid gradually over time, just like a standard loan.
Homepay’s lenders will offer loans with deposits from as low as 5% but this will be dependent on your individual financial situation and whether you plan to live in the property or if it is an investment. You can also use other incentives to reduce your deposit such as First Home Owner Grants or gifts from family.
- Owner Occupier: (Build Now, Pay Later) 8% Deposit
- Investor: (Build Now, Pay Later) 10%
- Owner Occupier: (With interest only repayments during construction) 5% Deposit
Due to Homepay loans having lower servicing buffers than loans from the major lenders. This is why it’s important to meet with a qualified Mortgage Broker who can assess you individual situtation and provide the best options for you!
Just like a standard home loan. E.g. Credit score above 600, self employed or PAYG etc. Our Homepay accredited mortgage broker will be able to provide more details.
