Boost your Next Finance Application. One thing that is very handy and not a lot of people know is that when a lender underwrites an application and goes to offer did you know that if you put in another application right behind it the underwriter doesn’t need to do another full underwrite as they have already just underwritten the case! your new application will be subject to a valuation report and maybe another payslip or such but essentially as soon as you are approved for one loan the lender is happy to go.

This can be very useful if you are in a buying mode. we recently helped a client using this simple trick and cut the application to offer time in half on their new purchase. ideal for if you are capital raising on a property with one lender.

How it worked. client raised funds on an unencumbered property. once we found a lender to lend on the remortgage we put in another application for a purchase that would be using the funds from the remortgage. the result was the client went from app to offer in less than 10 days.