Get Pre-Approved

This is your ticket to house hunting with confidence, letting you know your potential buying power and your approximate price range.

Securing pre-approval

Pre-approval (also known as Approval in Principle or Conditional Approval) is an indication of what a bank is willing to lend you, subject to certain conditions. To get one, a number of things are considered like validating your identity and assessing your financial position, income and living expenses.

Are all pre-approvals the same?

The process of securing pre-approval varies between lenders along with the amount of detail required. Some lenders offer a quick conditional approval without asking for any documentation at all. This sounds great at the time, but be wary of these as it’s unlikely a detailed assessment has been completed, and you may end up not being approved after your application is processed in full.

TIP: Be wary of quick ticks.

How long does my pre-approval last?

Your pre-approval typically only lasts for three or six months. If you’re still house-hunting after that, we need to review your approval and ensure it is still appropriate and meets your requirements. It is also a good idea to review the property search and what the market is doing.

Now all that’s missing is the house itself! Get the inside scoop on properties using our free property reports.

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