Do I need a pre-approval?

There are 4 types of Pre-approval, but only 1 that really counts.
– PAYSLIP ASSESSMENT, typically provided on the spot  in a bank branch where typically calculating payslips income against a loan size.
– INCOME SERVICING, typically provided on the spot in a branch where someone asks for the income (or payslips) and liabilities against the loan size.
– SCENARIO ASSESSMENT, where a loan application is submitted to the lender to assess all documents, id, payslips, salary credits, savings history and liabilities.
– FULL ASSESSMENT, where a loan application is submitted to the lender to check all documents, id, payslips, critically income type, salary credits, savings history and liabilities.

Crucially it’s only the FULL ASSESSMENT  where a pre approval has been fully assessed by the lender.

Speak to us about whether or not a pre approval suits your circumstances.