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No. It shouldn't. Usually you will get an In-principal approval from 1-2 of the banks. After that you will submit the loan application together with a copy of your option.

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Afternoon,

When you approach the bank without valuation report and OTP, the bank can only provide you with principle of approval, based on your initial income and credit status. Getting such figures from bank is only an indicative on your buying power. It does not mean that you have come into an agreement with any banks yet. Therefore, you put your heart and mind at else.

Do feel free to contact me for further discussion.

Regards
Mike Lim
 96929209 
m52i@yahoo.com
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