We (my wife and I) used Better Bond (Bond Originator) to send our home loan application to all the banks that
offers 100%(even though its not guaranteed that you can get 100%). Applications have been sent to ABSA and STD bank (who currently offers 100% even
if u dont bank with them). i am waiting 4 ABSA's feedback as I'm told they've got a deadlock.
STD bank responded & I was told by the bond Originator that I've been declined with a reason "FAILED SCORE CUT OFF". So understanding that every has got its
own criteria & approval is based on credit profile, affordability and other factors. So per NCR, every client has the right to know why it has been declined.
Better Bond says this cant be appealed.i've not been treated fairly as there is no valid reason given showing why I dont qualify". So if its score, how many must I haveand how many
missing?
We are looking to buy a property 2 the value of R675K where repayment over 20yrs is about R5800.At this stage we have R12700 that we can use in a bond and our
credit profiles are clean and have got excellent credit history. Why do the bank is giving 100% to others? BMW Finance & SA home loans recently approved
us with 90%.We want to make appeal
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