Once we have conducted a full Client Needs Analysis of your current financial position and objectives, we recommend that you apply for an Approval in Principle (AIP), also known as a Pre-Approval of Finance.

The Pre-approval allows the selected lender to verify your earnings, assets and liabilities and conduct a credit check on you. 

More Rosh & Waters will prepare your finance application and advise you of the supporting documentation you will be required to provide.  We will collate this information and present your application to the selected lender in a format they will understand.

It is important to be aware of the fact an Approval in Principle is not a guarantee of finance.  All AIP's; whether with major banks or second-tier lenders, are subject to normal banking conditions such as the provision of the contract of sale, a satisfactory valuation of the security property and any other information the lender may request.  In addition, some lenders only assess pre-approvals electronically which, means that there can often be a discrepancy which is missed that could prevent the loan from proceeding.  This is why it is imperative that you actually take some time and ensure the pre-approval is prepared correctly by an experienced broker.

An AIP generally lasts between 60-90 days.  Once the approval has been issued, we will provide you with written advice and let you know of any conditions the pre-approval is subject to.  We can arrange pre-approvals of finance within 48 hours.