Aspect Learning Guide
Pre-approval
A pre-approval gives you an indication of what a lender may support before you buy, subject to property and final checks.
Pre-approval explained in plain English
A pre-approval gives you an indication of what a lender may support before you buy, subject to property and final checks.
Why it helps
It gives a clearer budget before you make an offer.
What it is not
It is not unconditional approval. The property, valuation and final checks still matter.
Best practice
Avoid taking new debt or changing jobs before settlement without advice.
General information only: This guide does not take into account your personal objectives, financial situation or needs. Lending policy varies between lenders.