property mortgage on resales, easiest way to apply

[Safrica]

Hi
I have confirmed a deal to purchase 3 propertys
Ocean heights
Emirates Gardens and Discovery Gardens.

how do i go about applying for a mortgage.
i do not live in dubai,
I have tried numerous websites with no response

What is the best finance rate in dubai?

Can anyone please assist me

Regards

 

[naguru]

Hi Safrica
Please try RAK Bank. they might be of help. Just go to their website.
cheers

 

[mpat]

Try first gulf bank and mashreq also

 

[Safrica]

bond advisors

hi
would anyone suggest a bond advisor company that deals with all the banks

 

[dpc]

You can do a google search as there are quite a few mortgage brokers in Dubai. I would definitely use a mortgage broker as they tend to have friends in the banks and they can stretch to give you a better deal or higher loan to value.

 

[Roshan]

hi
would anyone suggest a bond advisor company that deals with all the banks

If you are in the UK. You can contact Global Eye. They are professional in their approach. Your best option would be to go through a mortgage broker.

PS : Some mortgage broekrs do not charge you for the services and they take the commision from the bank. Some of them charge you. Thi shouod be the first question to ask.

Good luck.

Regards

Roshan

 

[Safrica]

Amlak is it the way to go???

I have been contacted my Damac Mortgages,
I have been told that my best bet is Amlak because i am a non resident.
Finance at 8.5%

Anyone advise any better?
Seems like Dubai is so busy that no one replies any calls, you need to take what you get

 

[gillianpalao]

I have been contacted my Damac Mortgages,
I have been told that my best bet is Amlak because i am a non resident.
Finance at 8.5%

Anyone advise any better?
Seems like Dubai is so busy that no one replies any calls, you need to take what you get

Hi, i have also been trying to get finance, but to no avail. Were you successful?

 

[TommyC]

In march, when he posted, it probably wasn't a problem. Now, mortgage market is dead!

 

[AbraCadabra]

Amlak announced yesterday that they have completely stopped offering loans (temporarily).

 

[georgihh]

Amlak announced yesterday that they have completely stopped offering loans (temporarily).

Amlak stopped giving loans – what does it mean?

All the people in trouble are going to lose their deposits
The shaky developments and developers are going to bankrupt
The excessive amount of developments will be cleared in couple of months
The prices will go down a bit and than escalate due to not sufficient supply.
After that when the prices double Amlak will start giving loans again

 

[Roshan]

Hi
I have confirmed a deal to purchase 3 propertys
Ocean heights
Emirates Gardens and Discovery Gardens.

how do i go about applying for a mortgage.
i do not live in dubai,
I have tried numerous websites with no response

What is the best finance rate in dubai?

Can anyone please assist me

Regards

Ensure that one hand does not know what the other is doing....meaning...apply one at a time.

If your profile fits a certain amount t, then there should be no problem. If your profile does not fit that you finance all properties, then follow the above rule.

Banks are a bit hesitant at the moment. Try out never the less.

Regards

Roshan

 

[revolutionary]

I'm just about to get the keys to my apartment. I've been lucky and paid with straight cash but would now like to release some money for picking up bargains elsewhere.

Which banks are offering mortgages right now of any %age?
What percentages do people think will be normal when the markets settle down in the new year?
Do I need to become a resident to get a mortgage?
Do any UK banks provide a mortgage on the security of a Dubai property?

Please don't suggest a UK remortgage since I was one of the very lucky ones that locked a high percentage with Northern Rock and am now blissfully well into negative equity!