22/04/2026
Yes, even with pre-approval, including a subject to finance clause remains necessary.
Pre-approval merely indicates that a lender is likely to approve your loan based on preliminary assessments. But it’s not a guarantee.
Final or unconditional approval only comes after meeting specific conditions and the lender’s thorough evaluation of the property and your financial situation.
What does this mean?
Pre-approval gives you a price guide for your affordability. As we know, rates and polices change regularly as can your personal circumstances due to unexpected financial changes, job shifts, new debt ect affecting your borrowing capacity.
Your lender needs to assess the specific property you have signed a contract for - it’s value, location, zoning and condition could affect whether or not they’ll lend.
Ensuring you select the subject to finance clause, you’re protecting your deposit and possible legal issues if finance falls through.
Even with solid pre-approval, going over the sale contract with your conveyancer and ticking the finance clause along with any other appropriates clauses you’re protecting your deposit, allowing enough time for the finance to be approved and avoid possible legal issues if finance falls through.
Play it safe, tick subject to finance.
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