15. Approvals, Declines or Withdrawals

Approval/Report

Conditional Approval

30 days

Submission date < 30 days - confirm no change to financial position.
Submission date > 30 days - new consent, declaration, payslips & statements dated within 30 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Withdrawn: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Application cannot be reinstated if withdrawn due to expiry.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

30 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