Eventus Financial Featured on realestate.com.au: Home Buyers Warned About Outdated Mortgage Pre-Approvals
As Featured in realestate.com.au | Expert Commentary By Alex Veljancevski
Eventus Financial Founder and Director Alex Veljancevski has been featured on realestate.com.au, one of Australia's leading property platforms, warning home buyers about the risks of relying on outdated mortgage pre-approvals following interest rate increases.
The article, titled Homebuyers Warned Pre-Approved Loans May No Longer Be Valid After Rate Rises, explores how changes to interest rates and lender servicing requirements can reduce borrowing capacity, potentially leaving buyers financially exposed when purchasing property.
Alex highlighted that a home loan pre-approval is not an unconditional guarantee of finance. Borrowing capacity is assessed based on an individual's income, living expenses, liabilities and prevailing lending conditions, meaning previously approved borrowing limits may change as interest rates move.
The article examines how two RBA interest rate increases in early 2026 had already reduced borrowing capacity for many Australian households, with research suggesting a potential $36,000 reduction for a household earning the median income.
Alex also warned about the heightened risks facing buyers purchasing at auction, where contracts are generally unconditional. Buyers relying on outdated pre-approvals could find themselves legally committed to a property purchase, only to discover their lender is no longer willing to provide the original loan amount.
Importantly, Alex explained that lenders differ in how they treat existing pre-approvals following interest rate changes. While some lenders may honour previously assessed borrowing limits during the approval period, others may reassess borrowing capacity before the pre-approval expires.
Alex encouraged prospective buyers to review their borrowing position with their mortgage broker following interest rate movements and before making offers or bidding at auction.
The feature reinforces Eventus Financial's expertise in mortgage pre-approvals, borrowing capacity assessments and helping Australian home buyers navigate changing lending conditions with greater confidence.