OCBC Bank has launched an online advisory service that brings together first-time homebuyers as well as seasoned investors. Called OCBC OneAdvisor Home, the portal brings together all the tools and resources that property buyers would need to make an informed purchase – from property listings, policy details, rules and regulations to affordability advice.
Property listings based on a homebuyer’s affordability are pulled from EdgeProp.sg, with other features to be added through API-based collaboration with other service providers over the next few months.
While most advisory tools in the market can only derive the loan amount a buyer can borrow based on the total debt servicing ratio, at OCBC OneAdvisor Home, the affordability tool computes the affordability price range for the buyer, including down-payment, stamp duty, minimum cash payment as well as legal and agent fees.
In the coming months, OCBC OneAdvisor Home will allow home buyers to submit necessary documents through the website for a secure Credit Bureau check. In addition, home sellers will be able to get an indicative value of their properties from an accredited valuer.
This story, written by Cecilia Chow for EdgeProp Singapore, first appeared on Jan 4.