Fact Find completed with client (s) in order to consider eligibility of obtaining a mortgage.
The documents required by the bank – provided to Mortgage Broker.
Mortgage Broker arranges meetings with the banks to research whole UAE market on client (s) behalf.
Mortgage Broker presents recommendation of mortgage products available and discusses the terms of the loan.
Mortgage Broker confirms the specific bank criteria and the banks process.
Mortgage Broker packages the case and meets with the bank to submit the application.
Average of 48 working hour’s credit come back to Mortgage Broker with any questions on the case.
The Pre-approval is then issued.
Client typically has 60-90 days to find a property. (If goes beyond – possibility to resubmit for an extension)
Client views and offers on property after liaising with Mortgage Broker on market advice.
Once offer is accepted, the real estate agent will prepare the MOU (Memorandum of Understanding).
** VERY IMPORTANT ** MOU taken by Mortgage Broker to make any additions and to offer additional protection to client.
Client signs MOU and then has typically 45 days to transfer property.
Mortgage Broker to liaise with agent to obtain floor plan, Title Deed (if applicable), Sellers documents etc.
Mortgage Broker takes cheque from client (approx AED 3,000) for the property valuation.
Valuation done within 2-3 days.
Assuming valuation is okay, final offer of the mortgage is made.
Mortgage Broker, Bank and client meet to discuss the final offer.
Client signs Final offer and remaining paperwork for the bank to release the monies.
Mortgage Broker liaises with client, agent, and bank to regarding NOC from the developer and transfer at Dubai Land Department.
Transfer Completed, Client receives keys to the property.
We know how important it is for you to have an idea of the some of the best mortgage rates that may be available to you.
We pride ourselves in giving our clients the best service.
Here’s what some of them have been saying about us.
“Transparency and Professionalism throughout the whole process ”Mr Alexander, UK
“Overall they saved me 5000AED a Month, and secured me a excellent rate on my mortgage”Mrs Sofia Ahmed ,Dubai
“Got me a pre-approval within 3 days, Definitely will use again”Mr Mistry, India