Pre-Approvals

A pre-approval is a lender’s indication of how much you can borrow, based on a preliminary assessment of your income, expenses, credit history, and savings. It’s typically valid for 60–90 days.

No. Pre-approval is conditional and subject to final checks, including a valuation of the property, verification of your financial documents, and lender credit policy at the time of full application.

Not legally—but pre-approval gives you more confidence and credibility with sellers and agents. For auctions, it’s highly recommended as you need to be ready to buy unconditionally.

Some lenders run a credit check as part of the pre-approval process, which can result in a small enquiry on your file. However, one or two enquiries generally have minimal impact if your credit history is strong.

With the right documentation, we can often secure pre-approval within 1–3 business days. Some lenders offer instant digital approvals depending on your profile.

Typically:

• Proof of income (payslips, tax returns)

• Proof of savings and/or deposit

• Identification documents

• Details of current debts or liabilities
  We’ll guide you through the exact checklist.

Yes, if your financial situation changes, if the property doesn’t meet lender criteria, or if credit policies shift. That’s why working with a broker helps—we’ll flag risks early and help manage any changes.

We’ll help you convert your pre-approval into full (unconditional) approval by submitting the property details and final documentation. If everything checks out, you’ll receive formal approval and can proceed to settlement.

You can, but too many credit enquiries can impact your score. That’s why we assess your profile first and only lodge with lenders that are most likely to approve.

Simple—book a quick chat or fill in our enquiry form. We’ll review your financial position, compare lenders, and guide you through your pre-approval from start to finish.