Even with a new build?
Yes, of course. As I said, it is always just a guideline, but based on the determined values, the selection of banks emerges.
We have in Europace, the interface to the banks and the scoring tool for condition assessments and after deciding on the offer submission platform, another evaluation tool. Thus, as described, a basis for the selection of the bank is created.
What good is it to me if the PSD Bank (typical for non-sustainable votes) tops the list with its conditions, but I know that the values used for the condition assessment (the inputs are adopted 1:1 in the system, but the bank individually evaluates the property during the review) according to the individual evaluation outside the platform do not fit.
This is where the most common mistakes occur during applications, where the values on the part of the bank do not fit afterwards and that can get unpleasant when 10 families want to buy the property, and after 7 working days I have to start a new application attempt at another bank and have to hope that the seller and/or broker will allow time for a renewed processing period.
If I am unsure myself, it may make sense to submit applications in parallel here, where if you get 2 or more approvals you then choose the best offer or cancel other processing upon an early approval.
For me, the preliminary evaluation is always a very, very good tool, then also to select the bank with the customer where, taking into account the best conditions and terms, a positive credit vote will be obtained.
I think consumers should also be able to rely on the best support from financing brokers (ideally they are one at all), because in the worst case you fiddle around under the best conditions (that remains the goal, but they must be sustainable), but the property is bought by another family because the seller’s time and patience ran out.
Everything is actually quite simple if you have experience, among other things, with the respective banks and especially know the banks’ criteria for advance collateral and a sustainable value of the property, because you determine this in advance and have considered it as the basis of all considerations and actions.