UK residents buying property in Dubai can now arrange their mortgage in the UK but advisers have war...
UK residents buying property in Dubai can now arrange their mortgage in the UK but advisers have warned they could get a better deal locally. Mortgage broker John Charcol has set up a deal with the National Bank of Dubai which allows UK borrowers to arrange a mortgage in dirhams, the local currency, once the mortgage has undergone processing in the UK. The mortgage service is targeted at UK residents wishing to buy holiday homes or buy-to-let investments and uses the Newcastle Building Society as a third party processor. Walter Avrili, product director at John Charcol, said: "The big prob...
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