Getting ready to apply

Pre-approval guide

Pre-approval (also called conditional approval) gives you confidence to bid at auction and negotiate with sellers. Here's what you need to know.

Pre-approval is a lender's indication that they'd be willing to lend you a specific amount, subject to final assessment and property valuation.

WeBroke can often secure same-day pre-approvals. Standard timeframes are 1–5 business days depending on the lender.

Most pre-approvals are valid for 90 days. We can help you renew if your property search takes longer.

Pre-approval covers your financial position. The specific property still needs to be approved by the lender after you find one.

A formal pre-approval involves a credit check. WeBroke minimises unnecessary inquiries by targeting the right lender first.

Once you find a property, we submit the full application. Settlement typically occurs 30–90 days after unconditional approval.

WeBroke's expert brokers are here to guide you through every stage of the process — from preparation to settlement.