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Direct Mortgages

Direct Mortgage provides a platform to search and apply for mortgages online for FREE. It is the most user-friendly, compliant, and accurate mortgage sourcing software available in the UAE. Best of all it is quick and efficient without having to spend hours dealing with banks.

Benefits of using Direct Mortgage :

  • Search for the best and exclusive mortgage options only available on mortgagedirect.ae
  • Access product fact sheets online giving full transparency
  • Apply for your mortgage online quickly and efficiently

Complete the initial questions to find out the best mortgage rates and terms, how much you can borrow and monthly repayments.

Once you have your mortgage options, find out more about each product through individual fact sheets, which detail full information and eligibility criteria.

Apply online from the comfort of your own home for FREE.

How many applicants would there be?
Sole     Joint   
Title
Mr Mrs Ms Miss Other    
First name Family name
Email address Phone number
Date of birth Nationality

Second applicant

Title Mr Mrs Ms Miss Other    
First name Family name
Date of birth Nationality
Relationship to first applicant
Spouse    Other
Is the property located in the UAE?
Yes     No
 
Property located in Emirates/City?
 
Are you a UAE resident?
Yes     No
 
Is Second Applicant a UAE resident?
Yes    No
Mortgage type
No preference     Conventional only     Islamic only
Interest structure
No preference     Fixed     Bank variable    EIBOR-linked
Repayment type
Capital + Interest       Interest only
Type of property
Villa     Apartment     Commercial
Purpose of mortgage
Purchase     Re-finance     Equity release
Property type
No preference     Freehold     Leasehold     Local
Purchase price or current value (AED)
Loan amount required (AED)
Employment type
Employed     Self employed    No employer
Employer company name
Length of service with current employer
Guaranteed monthly salary (AED)
Other guaranteed monthly allowances (AED)
UAE monthly rental income AED per month (for other properties only)
Total monthly repayments AED per month (total monthly payments for car loans, personal loans & mortgages)
Total of credit card limits (AED)
Salary transfer available?
Yes    No
How did you hear about us?

Second applicant

Note: Do not repeat income, liabilities or credit cards already included under first applicant.
Employment type
Employed     Self employed    No employer
Employer company name
Length of service with current employer
Guaranteed monthly salary (AED)
Guaranteed monthly allowances (AED)
UAE monthly rental income AED per month (for other properties only)
Total monthly repayments AED per month (total monthly payments for car loans, personal loans & mortgages)
Total of credit card limits (AED)
Salary transfer available? Yes    No


Please Complete all the information...

Property Located other than Dubai


Some Banks have certain restrictions in .

To find out more, please fill out your details below or call us on +971 (0)4 557 9974 and we will contact you as soon as possible.

Full name
Email
Mobile number
 


Property Located Overseas


Financing and assessment of loan eligibility for overseas properties can only be calculated manually.
To find out more, please fill out your details below and we will contact you as soon as possible.

Full name
Email
Mobile number
 


Non–resident of UAE


Assessment of loan eligibility and financing for non-residents of the UAE can only be calculated manually.
Please fill out your details below and we will contact you as soon as possible.

Full name
Email
Mobile number
 


Re-finance


Assessment of loan eligibility and financing for Re-finance can only be calculated manually.
Please fill out your details below and we will contact you as soon as possible.

Full name
Email
Mobile number
 


Equity Release


Assessment of loan eligibility and financing for Equity Release can only be calculated manually.
Please fill out your details below and we will contact you as soon as possible.

Full name
Email
Mobile number
 


Local


This sourcing system is designed for freehold and
leasehold properties/developments. Many lenders will
not finance gifted or granted land/properties. If you wish
to finance these please fill out your details below and we
will contact you as soon as possible.

Full name
Email
Mobile number
 


Non – resident of UAE (Second applicant)


Both applicants must have UAE residence visas for eligibility to be calculated under mortgagedirect.ae.
If one applicant is non-resident, please fill out your details below and we will contact you as soon as possible.

Full name
Email
Mobile number
 


Re Confirm Email Address


To find out the mortgage products available for you, please re-confirm your email here and click “Next”.
An email will go to this email address with your “Confirmation Code” which is required before we can
show you the mortgage products available for you.

Email Address

   


No Employer


At least one applicant must have regular employment income to qualify for finance.

Commercial


For Commercial property, Please contact our help desk.
Full name
Email
Mobile number
 

Other


Most banks will only finance Individuals and Spouses. Please contact our help desk.
Full name
Email
Mobile number
 

Self employed (Mixed joint profile)


If applicant 1 is employed and applicant 2 is self employed, the latter should click no employer.
If applicant 2 income from self employment is required for mortgage eligibility, your assessment can only be calculated manually. Please fill out your details below and we will contact you as soon as possible
Full name
Email
Mobile number
 


Interest only mortgage assessment can only be calculated manually. Please fill out your details below and we will contact you as soon as possible.

Full name
Email
Mobile number
 

Interest Only


Interest only mortgage assessment can only be calculated manually. Please fill out your details below and we will contact you as soon as possible.

Self Employed


Financing and assessment of loan eligibility for self employed applicants can only be calculated manually.
In case of joint applicants, where one party is employed, only the employed income will be considered in this assessment.
To find out more, please fill out your details below and we will contact you as soon as possible.
Full name
Email
Mobile number
 

Joint applicants

Only spouses can apply jointly. If joint applicants require only one income to be considered for eligibility purposes, mark no employer for the second applicant.

Type of Mortgage

Islamic mortgages are structured to be consistent with the principles of Islamic law (Shariah) and are provided by many lenders. These products are also available to non-Muslims.

Interest Structure

Fixed Rate - A loan in which the interest rate does not change during the predetermined fixed period. It is important when comparing fixed rate products to consider how interest rates are adjusted after the initial fixed term.

Variable Interest loans are adjustable and subject to change (higher or lower). these are normally decided by the lending bank.

EIBOR (Emirates Interbank Offered Rate). This rate is determined by the UAE Central Bank and is calculated by an average of 11 banks' interbank offer rates. The benefit of EIBOR linked rates is that the individual lender cannot singularly adjust the rate.

Repayment Type

There are limited banks in the UAE offering interest only mortgages. Therefore it is advisable to consider capital and interest or Islamic equivalents.

What is the Purpose of the Mortgage?

Purchase is a mortgage on a property bought directly from a developer or the secondary market (resale market).

Re-finance is restructuring an existing loan, typically moving from one lender to another for better terms.

Equity Release is either;

a. Restructuring an existing loan and releasing further equity/cash
b. Releasing equity/cash from a property that is currently without mortgage

Property Ownership Type

No Preference is either a freehold or leasehold property.

Freehold is the entitlement to hold a property with a perpetual right. There is no limit of time to hold the property. Title deed is issued and held by the bank until the loan is repaid.

Property Leasehold is the right to hold or use property for a fixed period of time at a given price, without transfer of ownership, on the basis of a lease contract.

Local – this sourcing system is designed for freehold and leasehold properties/developments. Many lenders will not finance gifted or granted land/properties. If you wish to finance these please fill out your details below and we will contact you as soon as possible.

Guaranteed Monthly Salary (AED)

Include guaranteed (fixed) salary only.
Variable income cannot be considered.

Other Guaranteed Monthly Allowances

Guaranteed monthly allowances should include housing/rent and other guaranteed allowances which are paid to the applicant. Lenders will require proof of payment of all stated allowances. Not all banks accept the full amount of these allowances when considering eligibility or terms for mortgage products.

UAE Monthly Rental Income (from other properties only)

If you own a rental property in the UAE, enter the monthly rental amount, even if rent payments are made less frequently.
Joint rent should only be included under applicant 1

Total Monthly Repayments (total monthly payments for car loans, personal loans & mortgages)

Enter the total monthly fixed repayments for loans. Joint loans should only be included under applicant 1

Total of all Credit Card Limits

Currently banks will calculate a percentage of your total UAE credit card(s) limits as a liability, irrespective of whether you utilize the card or settle in full monthly. If inclusion of all credit card limits reduces your eligibility, please consider the possibility of cancelling or reducing card limits. You do not need to take this action at this stage. However, inputting your minimum credit card limit (after cancelling or reducing will improve your affordability)

Total of all credit card limits


Currently banks will calculate a percentage of your total UAE credit card(s) limits as a liability, irrespective of whether you utilize the card or settle in full monthly.
If inclusion of all credit card limits reduces your eligibility, please consider the possibility of cancelling or reducing card limits.
You do not need to take this action at this stage. However, inputting your minimum credit card limit (after cancelling or reducing will improve your affordability)



UAE Central Bank Mortgage Cap 2014 (maximum loan amounts)

Expatriates
75% LTV for first mortgage for property purchase price < AED 5,000,000
65% LTV for first mortgage for property purchase price > AED 5,000,000
60% LTV for second and subsequent mortgages, irrespective of property purchase price


UAE nationals
80% LTV for first mortgage for property purchase price < AED 5,000,000
70% LTV for first mortgage for property purchase price > AED 5,000,000
65% LTV for second and subsequent mortgages, irrespective of property purchase price



Total of all credit card limits

Currently banks will calculate a percentage of your total UAE credit card(s) limits as a liability, irrespective of whether you utilize the card or settle in full monthly.
If inclusion of all credit card limits reduce your eligibility, please consider the possibility of cancelling or reducing card limits.
You do not need to take this action at this stage. However, inputting your minimum credit card limit (after cancelling or reducing will improve your affordability)

Do not include card limits stated under applicant 1 or supplementary cards.



Total Monthly Repayments

Only include EXISTING monthly commitments and not the new mortgage or refinance mortgage being applied for



Total Monthly Repayments

If any rental income, liabilities or credit cards are already included under applicant 1, do not include them again.



Total Monthly Repayments

If any rental income, liabilities or credit cards are already included under applicant 1, do not include them again.



UAE monthly rental income (from other properties only)

If you own a rental property in the UAE, enter the monthly rental amount, even if rent payments are made less frequently.
Joint rent should only be included under applicant 1

Total monthly repayments (total monthly payments for car loans, personal loans & mortgages)

Enter the total monthly fixed repayments for loans. Only include additional rents that are not included under applicant 1

Total of all credit card limits

Currently banks will calculate a percentage of your total UAE credit card(s) limits as a liability, irrespective of whether you utilize the card or settle in full monthly. If inclusion of all credit card limits reduce your eligibility, please consider the possibility of cancelling or reducing card limits. You do not need to take this action at this stage. However, inputting your minimum credit card limit (after cancelling or reducing will improve your affordability)

Do not include card limits stated under applicant 1 or supplementary cards.

Salary Transfer

Certain products require salary transfer. If you are unable to transfer your salary from your existing bank to an alternative, click "no". If you have loans with your existing bank and your salary is committed for this reason, click "no" unless you are prepared to close these facilities.

If one applicant cannot transfer salary to the mortgaging bank, only non-salary transfer products will appear in results. If the applicant who can transfer salary has sufficient income, apply for joint mortgage with no employment and income details for the second applicant

Length of Service

If you are currently on probation or under notice to leave your employer, this will affect your ability to source a mortgage. Please complete your details below and we will contact you to discuss your requirements.

Full name
Email
Mobile number
 

X
You are about to start the application process with mortgagedirect.ae.

Before proceeding please read and agree to our Terms and Conditions.

All sections of the application form should be completed to the best of your ability, with accurate information. This is extremely important and will assist our processing centre to expedite your application.

If you run out of time or wish to exit the application, it can be saved and you will receive an email with a safe and secure user name and password, which will enable you to revisit where you left off.

Once complete, you will receive an email outlining next steps.

Should you require any assistance or have any questions, please contact our helpline on +971 (0)4 557 9974.

Regards,
mortgagedirect.ae Team
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