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How long do pre approvals last for? They got a cap on it?

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Ka$hmira

4,204 Posts.

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20/05/20

08:53

Post #: 44716618
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Originally posted by Free will ↑

Property index is substantially office, industrial and retail and those sectors are not in as much of a bubble as resi, so not the best thing to short if you want to take a short position in residential property. Shorting RMBS would be better but hard for the average punter to do this.

I personally think 50% falls are unlikely but Ireland fell that much after the GFC, over five years from memory. I think 20-30% falls are more likely; I’ve got my pre-approval ready to go to buy a PPOR, although I’m not in a rush the falls will take a while to come through.

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How long do pre approvals last for? They got a cap on it?
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