Dubai Mortgage Service

If you’re thinking about investing in the Dubai property market or are looking at ways to refinance your existing Dubai property we are now on hand in the UK to provide you a choice of financing options. They are:

We have negotiated an exclusive arrangement to provide mortgages to UK residents interested in purchasing residential property in the United Arab Emirates (UAE). The mortgage, from the National Bank of Dubai (NBD), offers;

• Lending secured in Dirhams
• Processing in the UK
• UK based criteria

All of the above allow for a far slicker and quicker process than has been historically available in Dubai.

As a UK resident you may have the option of using your UK property to raise capital to purchase a Dubai property. John Charcol can help you do this by releasing equity in your UK property by remortgaging. A benefit of remortgaging is that UK mortgage rates through John Charcol are currently considerably lower than the rates available from UAE lending institutions.

John Charcol can be trusted to find you the best remortgage product due to our extensive knowledge and experience of the products available.

The benefits to this option are simply a mix of the benefits already highlighted.

On September 12th, 2007, John Charcol Dubai, our franchise operation in the United Arab Emirates was formed. Should you not fit the criteria to use the NBD product, they may be able to assist you in obtaining mortgage finance from other lenders in Dubai. The staff in John Charcol Dubai have over ten years of experience in the mortgage market in Dubai and have already established strong relationships with lenders operating in the United Arab Emirates (UAE).

If you would like more information on the above options and want to discover whether you can qualify for either of the solutions simply call our Dubai office on 800 CHARCOL (+971 4 341 7466), our dedicated UK based Dubai experts on 0800 707 6331 or email dubaienquiries@johncharcol.co.uk. You will receive a no-obligation discussion with a John Charcol adviser. Only if you proceed with a mortgage application through us will a fee of up to 1% of the loan amount will be payable.

Whichever option you choose to finance your Dubai property, there are many other issues that you will need to take into consideration. Your decision should not be based solely on mortgage rates or availability, you should also consider the political climate, the currency risks and your personal tax position. In all circumstances John Charcol would recommend that you seek independent legal and tax advice prior to proceeding. John Charcol does not provide advice on whether or not to use your UK property to fund Dubai property. However, we will help you to source the most appropriate product from the UK market once you have made this decision.

JOHN CHARCOL DUBAI                                                                                                                        
800 CHARCOL (+971 4 341 7466)

JOHN CHARCOL UK
0800 707 6331
EMAIL dubaienquiries@johncharcol.co.uk