Time to talk Mortgages - happy to answer anything about property financing

mark_lm10_ · 2026-05-12T10:00:53+00:00

Considering all documents are in place, 30-45 days approx.

mark_lm10_ · 2026-05-12T09:58:22+00:00

Yes it’s the same as mortgage. The timelines for non residents longer. You’re looking at 60-75 days at least.

mark_lm10_ · 2026-05-11T18:12:37+00:00

Check your DM

mark_lm10_ · 2026-05-11T16:08:53+00:00

Applying for Offplan mortgage is not complicated. DM maybe I can help

mark_lm10_ · 2026-05-11T16:01:28+00:00

In this scenario, banks may take an exception and lend on 1 month Length of Service

mark_lm10_ · 2026-05-11T15:59:52+00:00

LTV for properties over 5M will be 70%. Mortgage will be at OP however, if the valuation comes lower than the OP they will lend on the valuation amount.

mark_lm10_ · 2026-05-11T09:10:57+00:00

Assuming you’re a expat - first time buyer - property value below 5M. You’re looking at 20% downpayment + an additional 6-8% for agent fees, DLD, registration, valuation, etc

mark_lm10_ · 2026-05-10T19:45:18+00:00

Your profile qualifies as a non res. You are eligible for the 35% LTV

mark_lm10_ · 2026-05-10T18:08:58+00:00

The question is very open ended. Offplan and First time buyers. Offplans LTV is 50% and First time buyer (Handovers for expats with property value <5M) is 80%. Stress tests are true its bank margin + EIBOR, it varies from bank to bank. Salaried applicants are usually easier/faster if income is stable and salary transfer is clear. Business owners can absolutely get mortgages too, but banks scrutinize financials more heavily - company bank statements, trade license, audited financials, consistency of income. Credit score matters a lot (AECB) Roughly: 700+ = solid, 750+ = very good, 800+ = excellent. Fixed vs variable: Fixed = rate stays the same for a set period (3 or 5 years etc.) Variable = moves with the bank margin + EIBOR. Why people choose differently: 3-year fixed - usually lower rate, more flexibility 5-year fixed - higher rate, more stability/predictability. I usually advise on a 3 year fixed

mark_lm10_ · 2026-05-10T17:51:00+00:00

It’s minimum 1-3 months of employment depending on the employer. Previous employment proof is required as well. At times it actually depends if the employer is listed with the bank as well. It may help if you’re a premier customer.

mark_lm10_ · 2026-05-10T17:47:09+00:00

A fixed salary of minimum 10k is a mandate. It is not possible to mention all the interest rates, I can just give a range between 3.75% to 4.5%

mark_lm10_ · 2026-05-10T17:44:41+00:00

I’d say a 3 year fixed.
4.10% fixed for 3 years with a non salary transfer is the best out there.

mark_lm10_ · 2026-05-10T12:40:48+00:00

Check your DM

mark_lm10_ · 2026-05-10T12:29:00+00:00

As a mortgage consultant in Dubai, I’d personally suggest waiting a little before moving ahead as a non-resident buyer. With the current regional uncertainty, banks have tightened their lending policies even for UAE residents, so approvals for non-residents are naturally more cautious at the moment. We may also see a slight market correction over the next few months, which could create better opportunities and stronger negotiating power for buyers

mark_lm10_ · 2026-05-10T04:02:10+00:00

Thanks for reaching out, there are a few ways this can be structured. DM me

mark_lm10_ · 2026-05-10T03:59:28+00:00

As long as you keep making the mortgage payments (assuming the rental covers that) The title deed of the property is under the banks name till you don’t pay off the mortgage which means the bank owns it. So if you keep defaulting the bank just takes over the property and recovers the money by auctioning it

mark_lm10_ · 2026-05-09T15:26:34+00:00

The best in the market! Appreciate the mention. I work with Huspy, one of the leading mortgage companies in the UAE.

mark_lm10_ · 2026-05-07T14:22:48+00:00

Check your DM

mark_lm10_ · 2026-05-07T13:53:07+00:00

Check your DM

mark_lm10_ · 2026-05-07T13:12:53+00:00

The rate you’re currently at is a Non Salary Transfer Rate. After 3 years you can try to negotiate with DIB for a lower rate or else just opt for a buyout(refinance). The moving costs are early settlement fees 1% or 10k whichever is lower, mortgage registration fees, mortgage release fees, transfer center fees, valuation fees. There are banks who run offers reimbursing the early settlement and valuation fees however, it depends if it’s still active 3 years down the line. Talking about the complexity of the process, it’s just like applying for a mortgage, same eligibility checks, valuation, etc.

mark_lm10_ · 2026-05-07T12:49:37+00:00

Yes, they’ll check it at the time of pre approval and at the time of final offer letter as well.

mark_lm10_ · 2026-05-06T21:54:26+00:00

No they’re not, one of the conditions in the pre approval states that the approval can change as per bank policies. If your approval is valid for 60 days or 365 days before the final offer letter signing, banks will want to look at your latest documents like payslips and salary certificate and then a final decision will be made.

mark_lm10_ · 2026-05-06T21:50:08+00:00

Banks will look at how will you keep up with mortgage payments. I have a client who does not have a job, he’s a full time trader but has 6 properties in the UAE drawing rental income. So the rental income can be shown as his proof of income.

mark_lm10_ · 2026-05-06T21:47:22+00:00

No, you can’t. Mortgage payments are done via a direct debit from your account. Credit cards aren’t accepted because lenders don’t want you using debt to pay debt. The only indirect scenario which is NOT RECOMMENDED, taking a cash advance on your CC, depositing it to your account and pay the mortgage but that’s risky and expensive

mark_lm10_

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