Pre-Approval

Pre-approval is exactly what it says on the box, it's an assessment from the lender that results in paperwork stating they will honour a loan up to a specified value. With this paperwork, you can prove you're ready to go, ready to buy within budget as well as safely get into a negotiation for a quick sale.

This assessment also includes your ability to repay, this is based on income, living expenses, other repayments etc. Pre-approvals are usually valid for 3 months and have a significant importance, however they can be renewed.

To find out more about securing a pre-approval, call us today.