Aspect Learning Guide
Conditional approval
Conditional approval means the lender is open to approving the loan, subject to outstanding conditions.
Conditional approval explained in plain English
Conditional approval means the lender is open to approving the loan, subject to outstanding conditions.
What it means
Approval is not final until conditions are met.
Common conditions
Valuation, updated payslips, bank statements or explanation letters.
Not final
Settlement cannot occur until all conditions are satisfied.
General information only: This guide does not take into account your personal objectives, financial situation or needs. Lending policy varies between lenders.