Formal Approval
Step 4: Formal Approval
To obtain formal approval to buy the home you have selected we will send a registered valuer out to value the property. At this stage of the process, the only thing preventing your loan proceeding will be if the valuer deems the house to be unsuitable for mortgage purposes.
This may happen if there are aspects of the property that have an adverse effect on its saleability. If this happens to be the case we may advise you to find another property. Your preliminary approval will still stand – all you need to do is retrace Step 3.
Step 5: The Buying Process
More on The Buying Process
