What is pre‑approval?
Pre‑approval (also called conditional approval) is an indication from a lender of how much you may be able to borrow, subject to verification and property acceptance. If you're buying your first property, it's also the moment to check which first home buyer grants and concessions you may be eligible for.
How long does it last?
Typically 3–6 months depending on the lender. You may be able to extend or refresh if your circumstances are unchanged.
What can delay approval?
Documents
Missing or inconsistent documents
Liabilities
Undisclosed liabilities
Credit changes
Recent credit changes
Next steps
Get your documents ready, understand your budget, and speak with a broker to compare lender policies — our Sydney pre-approval service often turns applications around within 24–48 hours. Still settling on a suburb? The Blacktown property market report is a good place to gauge prices before you bid.