Getting conditional approval
A conditional home loan approval, sometimes referred to as ‘pre-approval’, is an agreement to lend you a certain amount of money for the purposes of buying a home, provided you meet the conditions the bank outlines. All conditional approvals come with conditions you’ll need to meet before the final approval is given to you.
The conditional approval process
- Find a property or decide on your price range.
- Apply for a conditional home loan approval.
- We’ll help you complete the application and give you a decision as soon as we can.
Information you’ll need to provide to us
Evidence of:
- your earnings, i.e. the most recent couple of pay slips for each applicant, or a copy of your employment contract or a letter from your employer. If you’re self-employed, your business’ last two annual financial account statements.
- your savings and investments history.
- your assets, i.e. houses and vehicles.
- we’ll need the most recent three months’ loan statements for any existing debt you are refinancing to BNZ.
- if you’re a new customer to BNZ and don’t already have an open account with us, you’ll need to bring the appropriate identification along with your most recent three months’ account statements.
- if you intend to purchase an investment property, you’ll need a copy of the existing tenancy agreement or a rental appraisal from a local REINZ Real Estate Agency signed by the branch manager or the rental manager.
If you need help, request a call back and we’ll be in touch to talk through your options.