The home buying process: Getting started


What is pre-approval?

Pre-Approval or ‘conditional approval’ is when you talk to the bank and together, we figure out how much you could borrow to buy your home. We'll determine how much you can afford based on the information you provide us, such as your income, employment history, and any debts or assets you may have. We'll then give you ‘pre-approval’ to spend up to a certain amount of money, based on certain conditions. 

When do I need to get pre-approval?

Once you’ve saved up your deposit and are ready to start looking for a house to buy, talk to us about get pre-approved. Knowing how much you could borrow will help you narrow down your search criteria, so you can see what’s available in your price range. 

Getting pre-approved

Sorting your deposit is the first tick in the box, getting pre-approval is tick number two. 

Before you start house-hunting, the first thing you should do is meet with us to work out how much you can afford. We'll determine how much you can borrow based on the information you provide us, such as your income, employment history, and any debts or assets you may have. We'll then give pre-approval to spend up to a certain amount of money, based on certain conditions. 

When you're ready to chat with one of our team, you'll need to provide the following documents:

  • Evidence of your income if your wages aren't deposited directly into a TSB account (three months' bank statements and your two most recent pay slips).

  • Or, updated financial statements for the last two years if you're self-employed.

  • Six months of statements for any credit cards, or hire purchases.

  • Photo Identification (Driver's License or Passport - these may need to be certified).

  • Letter from your KiwiSaver provider confirming the amount of KiwiSaver funds you have available for your deposit

You may need to supply additional information, but we'll let you know everything you need to bring along when you book an appointment.

the home buying process: getting started

What do I do once I’m pre-approved? 

Once you’re pre-approved it’s time to start house hunting! Take a look at some more tips below to see what you need to look out for when you’re looking for a house.