Are you looking to buy a property here in the UAE or the UK ?
Yes, well then a Mortgage is often the biggest financial commitment for many of us. Our Mortgage Consultants are ready to help you get the best product and keep you on track.
New Mortgage
For the UK market one advantage you will receive is our mortgage consultant UK qualified and authorised and regulated by the UK regulator the FCA. This also means that not only can we offer you the offshore mortgage lenders, most other mortgage brokers in UAE can only offer, but we also have the choice of the UK mortgage companies willing to lend to UK expats.
And also with many lenders to choose from in the UK and the UAE market and even more mortgage products, finding that best mortgage is always a challenging task. To save both money and time, you need to get the right advice to ensure you are getting the best possible mortgage facility. Heading to your bank will give you very few options or worst case, only one option that they have available. Our impartial and independent service will identify the lender and products that are best suited to your needs.
It is also important to know that every lender in the mortgage market will offer different rates, which will have both fees and penalties. Signing a contract with a mortgage lender that does not fit your requirements can cost you hundreds and thousands over the term of mortgage.
Refinance Mortgage
Do you expect interest rates to go up? Has your credit score improved enough so that you might be eligible for a lower-rate mortgage? Would you like to switch into a different type of mortgage? Or have interest rates fallen from your current rate?
The answers to these questions will influence your decision to refinance your mortgage. But before deciding, you need to understand all that refinancing involves. Your home may be your most valuable financial asset, so you want to be careful when choosing a lender or broker and specific mortgage terms. Remember that, along with the potential benefits to refinancing, there are also costs.
When you refinance, you pay off your existing mortgage and create a new one. You may even decide to combine both a primary mortgage and a second mortgage into a new loan. Refinancing may remind you of what you went through in obtaining your original mortgage, since you may encounter many of the same procedures–and the same types of costs–the second time around.
Reason why you may wish to consider refinancing?
- Lowering your interest rate
- Adjusting the length of your mortgage
- Changing from an adjustable-rate mortgage to a fixed-rate mortgage
- Adjusting the length of your mortgage
- Releasing equity built up in your property
Equity Release Mortgage
Should you wish to use equity release as a method of releasing funds in a property, we can assist you raise the necessary finance by finding you a suitable Equity release mortgage.
Off-Plan Mortgage
A mortgage for off-plan property has multiple advantages over other types of real estate. It allows investors to buy the property at the earliest and lowest possible price, while at the same time leveraging their investment to potentially achieve maximum returns.
Searching for a lender who will finance your off plan property can be a time consuming activity as not all lenders touch off plan projects.
Other Additional Services we can offer:
Introduction of a Legal Advisor to help with your purchase
It is important to have the correct legal advice when buying a property, we are able to refer you to a panel of UK solicitors who will be able to help you in your UK property purchase and complete all the necessary legal work, and at a very competitive price.
Life Insurance
It is mandatory for every Mortgage lender in the UAE to ensure that the Mortgagee is protected via life insurance. Not only are there a large range of mortgage products, but a similarly large number of insurance products are available on the market. Using our service, we can get the best possible policy for your needs so that you and your family are sufficiently protected in a cost effective manner.
Buildings & Contents Insurance
It is mandatory that all UK properties have suitable Buildings insurance in place on completion for the mortgage to be agreed. We are able to refer you to a panel of UK insurance companies who will be able to help you in this area.
Foreign Exchange
In the UAE banks finance up to a maximum of 80 % of the value of the property, and in the UK it is 75%, which means you are responsible for securing the remaining towards capital down payment. So if your funds are located overseas you need to make sure you do not suffer from the high margins on the interbank exchange rates some banks charge.
We are able to refer you to an FX broker who offer clients a free service enabling them to pull or push funds worldwide through a secured and authorized network, at minimal margins and highly competitive foreign exchange rates. And if you need to transfer funds oversea on a regular basis, we can give you even more value for your money.
Will Writing
Asset protection is highly crucial during property investment, so it is important to ensure that you have a suitable Will in place to meet the wishes of all partners. And note if your purchasing a property in the UAE, under Sharia’s laws one must pay close attention to matters of forced heir-ship in event of the unfortunate demise of the primary owner. One can protect themselves from this by creating a locally attested will and we are able to refer you to our solicitor that offers a trustworthy and reliable legal service to his effect.