Forced Bond Reapplication Despite Only Changing Property Details

Title: Forced Bond Reapplication Despite Only Changing Property Details

I app**** for a bond in February , and the bank approved 60% of the purchase price, which meant I needed to pay a 40% deposit.

After reviewing the deposit amount, I found it too high from my side. To reduce the deposit required, I decided to look for a cheaper stand/property instead.

What I do not understand is why I am now being told that I must completely withdraw the current ongoing application and restart the entire process from scratch when the only thing changing is the stand/property details.

My financial profile, affordability, employment, banking details, and supporting documents remain exactly the same. It is frustrating to be told that a completely new application must be processed for what appears to be a simple amendment to the property information.

I would appreciate proper clarification as to why the existing application cannot simply be amended with the new property details instead of requiring a full reapplication process.