I'm mildly interested in an apartment as a PPOR that is up for auction in about 4 weeks. The REA guide price indicates they are looking for Feb 20 and pre-COVID-19 prices and in this current environment, I am not going to go there but could do something at the bottom end of the guide price if there was little interest in it. Having a decent deposit and secure employment (as far as it ever can be) I'm not expecting issues obtaining a mortgage or loan. To those more knowledgeable than I in such matters A. Should I apply for pre-approval now even although it is by no means certain if I will proceed? B. Will the pre-approval application have any negative impact upon my credit rating? As background info, last year I allowed two pre-approvals lapse with U-Bank. The first time I just missed a property and second time around, nothing of interest arose and since then, I haven't been interested looking.