An O-YES Consultant takes pride in his/her professionalism and would never prejudice service delivery to the homebuyer, lead provider or the banks by submitting an application to a bank/s without the required relevant bank’s minimum document requirements to support the application, which has been verified to the information captured.
An O-YES Consultant appreciates that an expectation is raised with the homebuyer and the lead provider that once an application is submitted to the bank, there will be a favourable outcome.
By submitting an incomplete application there is no possibility of a favourable outcome.
Ultimately, submitting an incomplete application to a bank will only result in an unnecessary delay in securing a successful decision.
An O-YES Consultant would never set themselves, the homebuyer and the property transaction up for failure by submitting an incomplete application to a bank.
When screening your application to ensure that you are meeting the relevant bank’s mandatory documentary requirements, be careful that you are not submitting incomplete supporting documents such as:
- Outdated Payslips
- Bank statements that don’t run consecutively
- Less than 6 months proof of variable income earners remuneration
- Outdated/ incomplete set of Financial statements for self-employed applicants
- IDX Consent document that is not fully complete or signed by the applicant
An O-YES Consultant always refers to the document vault and the Bank Credit guidelines knowing that this document provides a concise summary of each bank’s minimum documentary requirements for each applicant type.