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Mortgages

Before you do anything you need to consider what funds you have available, you should consider the cost of the property, the deposit, transfer fees and estate agent fees. You should also consider the fluctuation of the local currency against the GBP and consider the consequences if the market changes.

Mortgage laws often change. Keep up to date with local news through UAE newspapers so you know what the changes mean for you. For more information about mortgages in the UAE, check with the UAE Central Bank.

Borrowers checklist:

• you have found a lender and confirmed how much you can borrow and what you will be expected to pay per month
• you have been advised how much the fees are on top of the purchase price of the property and calculated your costs accordingly
• you have opened a local bank account and provided all the paperwork required
• copy of your passport
• ID card ( if applicable)
• proof of address
• proof of residence
• bank statements
• letter from employer confirming salary

Documentation required:

• copy of your passport
• ID card ( if applicable)
• proof or address
• proof of residence
• bank statements
• letter from employer confirming salary