These are the seven steps to lending or the loan processing timeline for getting a home loan.

1. You contact us and supply the relevant information we need, this will be advised at the time of our first appointment. Once we have the information we process the application.
2. We submit the application to the bank and await approval.
3. Pre-approval or conditional approval is then reached this is the 1st stage of the approval process.
4. Unconditional-approval is next and is achieved when all credit criteria requirements have been met and all valuations have been completed.
5. Documents issued from the bank for signing including loan and mortgage documents.
6. Pending settlement Documents are signed and returned to the bank awaiting settlement date.
7. Settlement – the date arrives all is well and the process is complete!