Understanding the Process

Stage 1 – Contact

The first stage for you to get your mortgage is to make contact with us so we can document the relevant information about your personal circumstances including:

  • Your financial situation
  • your property or the property you are applying for
  • any deposit that you have available
  • and any other specific personal information that may be required.
  • It is most important that all information you provide is accurate.

Stage 2 – Document Preparation

All relevant documents need to be gathered and submitted for processing. These documents will depend on the type of mortgage being applied for and your employment status.

Stage 3 – Choosing the Deal

When our dedicated team have scrutinized and negotiated the mortgage products and offers for you, they will personally discuss them with you and give you professional advice on the choices.

Stage 4 – Application

Applying to the Mortgage you have chosen will involve the application form being filled in with our help. We can then apply for your mortgage within 2 working days.

Stage 5 – Pre-Approval

After checking and clearing any questions they might have, the lender can apply for the Pre-Approval which will take 3 – 5 days.

On completion, we can then assist you in securing your desired property.

Stage 6 – Final Offer

Turn the pre-approval from the lender into the final offer.

At this point, a security deposit is made which will be held by the Real Estate Consultant that is dealing with your property (usually 10% of the purchase price)

The property will need to be independently evaluated for clarification and then the final offer letter can be signed.

Stage 7 – The Transfer

Both the buyer and seller will receive a No-Objection Certificate (NOC) from the developer, to transfer the property between them which takes place at the Dubai Land Department. We will accompany you, to ensure that the whole process is carried out correctly.

Your title deed should be issued by the Land Department once your lender provides a cheque for the mortgage amount (less the amount of the seller’s finance). You are also required to pay any outstanding balance in the form of a manager’s cheque.

CONGRATULATIONS, you are now a property owner.

As a part of our unique and complete service in the UAE, we are able to easily facilitate any foreign currency transfers using our FXMe service.

Ourcost saving and professional Will writing services, Life insurance services as well as our buildings and contents Insurance areable to put your interests in a state of stress free and manageable protection.

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