Loan Pre Approval Changes

October 17, 2018/Aqua Connect

 

 

 

 

 

 

 

Some major Banks recently made changes to their Approval in Principle (AIP) / Pre-Approval process and I’d like to make sure you are up to speed with the recent changes as some now don’t fully assess the application.
Customers will still receive a pre-approval document, however the customers information has not been reviewed by a credit assessor.

Now it is more important than ever to ensure your customers pre approvals are fully verified., especially when purchasing at Auction.

For your reference all pre-approvals arranged by us will be fully assessed prior to the pre-approval document being issued.