Our Expert Mortgage Solutions Tailored to Your Needs
Navigating the complexities of securing a mortgage in Dubai can be daunting. At Limeswood Real Estate, we offer professional mortgage advisory services designed to simplify the process and help you secure the best financing options available.
Why Choose Our
Mortgage Advisory Services?
- Personalized Mortgage Solutions
We understand that every client has unique financial circumstances and goals. Our mortgage advisors work closely with you to understand your needs and tailor mortgage solutions that best fit your situation. We help you identify the most suitable mortgage products, whether fixed-rate, variable-rate, or hybrid, ensuring that you make the right choice for your future. - Access to Competitive Rates
Benefit from our extensive network of banking partners and financial institutions. We negotiate on your behalf to secure the most competitive interest rates and favorable terms, making your mortgage more affordable and manageable in the long term. - Comprehensive Financial Assessment
Our advisors conduct a thorough assessment of your financial profile, including income, expenses, and credit history, to determine your borrowing capacity. This ensures that you receive accurate advice and realistic expectations, avoiding potential pitfalls during the mortgage approval process. - Legal and Regulatory Guidance
The mortgage process in Dubai involves several legal and regulatory requirements. We provide expert guidance to ensure that all legal aspects are handled efficiently, from documentation to compliance with UAE property laws. This reduces the risk of delays or complications during the mortgage approval process. - Ongoing Support and Advice
Our commitment to your financial success doesn’t end once your mortgage is approved. We offer ongoing support, advising you on ways to optimize your mortgage over time, including refinancing options, interest rate reviews, and repayment strategies.
TRY OUR MORTGAGE CALCULATOR TODAY!
Use our mortgage calculator to estimate your monthly mortgage payments.
Frequently Asked Questions
This varies from bank to bank but normally banks will reply with initial observations and requests within 2 working days. Once additional documents have been provided, or additional questions have been addressed, the turnaround time to receive a pre-approval is usually between 5-7 working days.
For salaried applicants: ID documents, salary certificate, 6 months’ payslips, 6 months’ bank statements and details of existing liabilities.
For self-employed: ID documents, company documents (trade licence, incorporation documents, memorandum of association, shareholders certificate, company profile, etc), audited accounts and/or 12 months business bank statements, 6 months’ personal bank statements and details of existing liabilities.
For expat residents (first-time buyer): 20%
For UAE nationals (first-time buyer): 15%
For expat residents (second-time buyer): 40%
For UAE nationals (second-time buyer): 35%
There are exceptions to the rules though, some of the banks allow 2nd-time buyers, 20% and 15% deposits for expats and locals, respectively, if their existing mortgage is under 60% LTV.
Yes subject to individual client profiling as always. Maximum loan-to-value available for non-residents would be 60% funding with rates at this level starting from 3.89% for a 3-year fixed rate.
Rates differ greatly between bank to bank and will all depend on the customer’s individual profiling and whether they’re salaried or self-employed.
As a general rule of thumb, the limit is calculated at 7x the annual salary of the applicant but it also depends on the bank. If the customer already has loans, credit cards and existing liabilities, then this ultimately affects the maximum amount they can borrow.
Partners of LimesWood
We work with more than 15+ different lenders to get you the best mortgage.
Our Process
1. Initial Consultation
We start with an in-depth consultation to understand your financial goals and mortgage needs.
2. Financial Review
We conduct a detailed review of your finances to assess your eligibility and borrowing power.
3. Mortgage Options
Based on your profile, we present a range of mortgage products that align with your requirements.
4. Application Assistance
Our advisors assist you with the mortgage application process, ensuring all paperwork is completed accurately and on time.
6. Approval and Beyond
Once approved, we continue to offer advice and support, helping you manage your mortgage effectively.
7. Handover
We will work with you till you have the keys to your dream home.
