14. Approvals, Declines or Withdrawals

Conditional Approval

60 days

Submission date < 60 days – confirm no change to financial position.
Submission date > 60 days – new consent, declaration, payslips & statements dated within 60 days of re-approval.

Decline:

• Application does not meet lending criteria.
• No response or further evidence within 30 days of decline decision.
• Applications can be reinstated if a decision is overturned & not expired.

Withdrawn:

• No response within 30 days of requesting more information.
• Approval has expired.

Application cannot be reinstated if withdrawn due to expiry.

Unconditional Approval

90 days

Uncon Approval < 30 days – confirm no change to financial position.
Uncon Approval > 30 days – new consent, declaration, payslip & statements dated within 30 days or re-approval.

Valuation

Less than 90 days at uncon approval

Less than 90 days at uncon approval