Slow home loan approval from Non-Bank
Hey all,
Is it fair to assume that there is a slow loan approval for home loan/bridging loan from non-banks at the moment due to increased SMSF applications?
A buyer for my property requested an extension for 2 days initially and another 2 days now stating that the broker is awaiting approval which is taking longer at the moment. The reason given was increase in SMSF applications and non-banks taking longer.
Is it fair to assume that home loan approvals (maybe bridging loan in my case) can take 9 business days right now?