An assessment by a lender indicating how much they would be willing to lend you, subject to satisfactory valuation and verification of your information. Pre-approval is not a guarantee of finance — it is conditional. It is valid for a set period (typically 3–6 months) and gives you confidence when making offers or bidding at auction.
Go deeper
How to choose a selling agentInterview process, the appraisal-price trap, and the listing agreement.