When you signed your contract you may have obtained pre-approval from your lender. A pre-approval is an indication whether the lender will be able to loan you the money you need based on an initial assessment of your credit history and borrowing capacity. 

Less than 3 months prior to settlement, when the lot is close to completion, you can apply for formal approval with most lenders. You will receive a formal approval when the lender has everything they need and can confirm in the form of a letter that they are willing to lend you money. This is the final guarantee that you will need for the property purchase. 

It is important to note that a pre-approval from your lender is not a guarantee. You will still need to apply for formal approval with your lender. 

Helpful Resources

The Impacts of COVID-19

We know that during these uncertain times, getting finance for your dream home or investment might seem difficult. Now more than ever, its important to seek from financial experts to help you navigate the finance process and keep your settlement on track.

Here is some food for thought from our financial partner.

Mortgage Choice

Mortgage Choice

We’re here for you
Right now, all Australians are facing the uncertainty of the COVID-19. But together we will get through this challenging situation. 

How Mortgage Choice can support you in a difficult time  
If the COVID-19 has impacted your employment in any way, I encourage you to reach out to us. There are steps we can take to help reduce the financial pressure.  

Australian banks are stepping up with more clearly defined financial relief strategies. If you are struggling to meet your financial obligations – be it home loan repayments, credit cards, or personal loan payments, please give us a call today or visit our website, and we can work through your options together.  

Don’t lose sight of your goals 
In an environment of uncertainty, one thing is sure: At some point the COVID-19 threat will pass. In the meantime, there is so much opportunity up for grabs to achieve your property – especially as:

·       Interest rates are at unbelievable lows – right now you need to be confident you have the right home loan deal for your needs.

·       Small savings count – even a small reduction in your home loan rate can add up to a personal saving of tens of thousands of dollars over the life of your loan.

·       Home owners may have seen a big rise in home equity – rising home values mean you could have substantial home equity to draw on to achieve personal goals. 

·       Government packages to provide relief - The Government is also stepping up to the plate to help businesses, with its $66.1 billion stimulus package that is intended to keep Australians in work and businesses in business. This includes a cash boost to small businesses and relief for financially distressed businesses.

Visit to find out more. 

White Knight Finance

White Knight Finance

Steve Vicary and the team at White Knight Finance are passionate about saving you money. Whether it is for your first home, refinancing your current place or an investment, they have access to loans from a host of Australia's leading lenders, one of which could be the right one for you. Finding one that is right for you is the hard part, and that's where they come in. They will consider a range of options to help you get the solution you're looking for.

Specialists in:

  • New Home Finance
  • Investment Property Finance
  • Commercial Property


Professionalism at every turn. White Knight Finance pride themselve on their professionalism in every facet of their business. Their brokers are available 7 days a week and are happy to visit you at a time and place of your choosing. 

Steve Vicary 
P: 08 9489 2555
M: 0419 851 299

We're here to help

Want to be put in touch with our financial partners? Or just have a question about the settlement process?