John Charcol has partnered with Newcastle Building Society and the National Bank of Dubai to offer a simplified mortgage experience to customers buying property in Dubai.
The new service is available to both UK and Dubai residents and will allow them to arrange a mortgage in the Dirhams currency but with the quick and efficient processing seen in the UK. Recent changes in Dubai law mean non-residents are now able to buy property. Commenting on the launch, Walter Avrili, product director at John Charcol, says: "To say it has historically been a challenge to arrange a mortgage in Dubai would be somewhat of an understatement. "It has not been uncommon to go through months and months of negotiation only to be denied finance on what most of us would recogni...
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