As the Spring Property Market heats up, we are receiving increasing levels of enquiry from clients keen to assess their capacity to upgrade to a new home, purchase their first investment property or acquire a property in their SMSF.
At PLG, we recommend clients obtain a preapproval “in writing” from a bank before entering the market.
This makes the lending process efficient post purchase, but more importantly provides comfort that the lender has assessed the borrower’s individual circumstances and indicated a loan approval should be forthcoming if those circumstances not materially change!!!!
