07/09/2026
A lenderβs pre-approval is not a green light for a development deal.
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Pre-approval tells you what you may be able to borrow, subject to the lenderβs conditions. Feasibility asks a different question: do the projectβs numbers stack up? Put feasibility first and treat finance approval as one part of your decision, not the whole decision.
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β’ Understand the conditions attached to the lenderβs pre-approval.
β’ Assess the purchase price and build costs together, not in isolation.
β’ Include holding time and finance costs in your project numbers.
β’ Test how delays or higher costs would affect the result before committing.
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Borrowing capacity and a workable project are not the same thing. Build confidence in the deal through careful feasibility, then check that the finance fits.
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Which assumption would you stress-test first in your next projectβs feasibility?