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For most people it is greed that gets in the way. That's capitalism but human nature is ruthless.

On many occasions the clients sign a blank page after discussing the finance / loan with the broker/banker - on the implied understanding that what was agreed to will translate into the loan application itself. Obviously if that doesn't happen then you got a big problem.

If that blog is anything to go by the loan book is just his secondary source of income :)

Well a broker should not be telling someone who bought OTP that finance is assured - no one knows what will happen in the 2 years or so it takes to build and complete the project. Credit policies can change drastically in-between and so can the purchaser's financial situation that impacts on...

Sadly as a broker there is always the temptation to get involved in these kind of things to increase the commission. It's potentially a good money spinner if you can find suckers to sign up for it as commissions are really high. Of course I don't personally but I am sure many do...