Most of us aren't lucky enough to buy a property with cash and usually it isn't such a good idea either less the taxman visits.

When buying a property, do you apply for 1 bank or all the panel banks of the developer?

What if your favourite bank isn't on the panel?

Is it normally the case that when you use a mortgage from a bank not on the developer panel that the fees the developer offered to absorb would not be absorbed?

This trick still works these days?

Right now facing the issue best rate bank insist on signing up together with a credit card and mrta.

Not keen on the bank or their credit card.

Interesting.

Any idea why it’s not recommended to do more than 3-4 applications?

HLB

3.99% for 1st year.
4.55 for subsequent years.
5 years lock in period.
MRTA.

Want better rate? Take up 70%LTV and extend the term to 30 years instead of 25 years.


OK, lets' see what the final 2 banks offers, then will start negotiating.

Never dealt with all these local banks before as normally only do SCB full flexi or HSBC.

Interesting, I have one that is asking for MRTA and another that insist on a life insurance policy.


Depends on the borrower profile.

Generally known as the "rich man bank"