Pre-Approval before purchasing

When you have your loan pre-approved you know how much you can potentially borrow and thus can offer on a property. Vendors prefer unconditional offers from pre-approved buyers rather than having to wait a few days for approval so being pre-approved can mean you are the successful purchaser if the other interested party doesn’t have their finance approved.

To buy at auction your loan MUST be pre-approved as in most cases, a cooling off period does not apply to properties bought at auction & a ‘subject to finance’ contract will not be an option.

Finance pre-approval can help streamline the property search process as you know exactly what price range you can afford.

For finance pre-approval, complete our Loan Enquiry form and a First Chartered Capital consultant will contact you to help.