Useful Tips

Loan Application Process

DAY 1
We receive loan application and supporting documentation.

DAY 2
We compile and submit your application to the lender.

DAY 3
Lender performs credit reference check and other basic checks

DAY 5
Conditional Approval

DAY 8
Valuation is received & conditions of approval are met.

DAY 10
Unconditional Approval

DAY 13
The Lender or their solicitors send mortgage documents to you.

DAY 19
You return documents with an insurance certificate of currency.

DAY 21
Settlement is booked between the lenders solicitors and your solicitors.

DAY 23
SETTLEMENT

Base on working days. To be used as a guide only, as an indication of typical lender service standards. Add 1-2 weeks for settlement process if a re-finance. In the event of lenders mortgage insurance (LMI) add one day.