Working hours: Sat - Thu, 9:00AM - 6:00PM

 

About Us

Home Bridge Finance is a Financing Brokerage firm based in Dubai, U.A.E with the ability to service both local and international clients.  We specialize in offering bespoke financing solutions coupled with the highest level of customer service to meet our clients’ requirements.

 

Why Choose Us?

We are Subject Matter Experts with extensive industry experience.

Our clients get access to a vast network of lenders and investors both locally and internationally.

We work tirelessly to make sure you have the money available with you when you need it.

 

Products

Home Mortgages

Home Equity Release

Mortgage Buyouts

Buy-to-Let Mortgages

Off-Plan Mortgages

Non- residenT Mortgages

vDebt Restructuring and Consolidation

Construction Financing

Project Financing

 

Business Loans & Investments

 

 

Mortgage Eligibility Criteria

Salaried

Self-Employed

Rental - Income

Age Range

18-65 Years

18-70 years

18-65 years

Minimum Income

AED 10,000/month

On Case basis

On case basis

Property Type

Free Hold/ leasehold

Free Hold/ leasehold

Free Hold/ leasehold

Other

As per central bank and lending institutions policies

 

 

Mortgage FAQs

 

  1. How much down-payment do I need, to purchase a property in the U.A.E.?

 

For Expats and Non-UAE Residents:

 

At least 25% of the property value for your first active mortgage and at least 40% of the property value for every active mortgage thereafter, as long as the property value is below AED 5 million.

At least 35% of the property value for your first active mortgage and at least 40% of the property value for every active mortgage thereafter, for all properties valued at AED 5 Million and above. 

Note: A borrower cannot avail the benefits of the first active mortgage in both the aforementioned segments simultaneously.

 For U.A.E. Nationals:

At least 20% of the property value for your first active mortgage and at least 35% of the property value for every active mortgage thereafter, as long as the property value is below AED 5 million.

At least 30% of the property value for your first active mortgage and at least 35% of the property value for every active mortgage thereafter, for all properties valued at AED 5 Million and above.

Note: A borrower cannot avail the benefits of the first active mortgage in both the aforementioned segments simultaneously.

  1. Are there any hidden fees that I should know about?

 Borrowers have to pay a fee, ranging from AED 2,500 to AED 3,150, to the banks at the time of evaluation of the property. Also, a processing fee of up to 1.05% of the loan value is charged by the banks at the time of final approval to process the loan.

Many banks also charge a pre-approval approval fee of up to AED 3,150, which may or may not be adjusted towards other aforementioned fees at the time of loan disbursal, depending on the bank.

  1. How long can I get my mortgage for?

 Salaried employees can borrow up to the age of 65 years and self-employed individuals can borrow up to 70 years of age, with the constraint that no mortgage loan tenure can exceed 25 years in length.

Mortgage tenures can also be as little as 4-5 years, as long as your eligibility and the bank’s policy permits.

  1. What if I wish to pay off my mortgage earlier than the agreed timeline with the bank?

The borrower can choose to do so by paying the balance loan amount, exclusive of future interest, and in addition to a minimal early settlement fee, as mentioned in the final offer letter from the bank.

Most banks allow early settlement of a percentage the balance loan amount every year without additional charges. These percentages may be different for different banks.

  1. Do I need to transfer my salary to the bank that gives me a mortgage?

 No, this is not required.

  1. Does my company have to be listed with the bank for me to get a mortgage with them?

No, this is not required.

  1. Do I have to pay off my mortgage immediately and in full, if I lose my job and/or move to a different country?

No, you do not, as long as you are able to make your regular monthly installments without having to default to a point that the bank has no choice but to foreclose your property.

If your UAE residency status changes, you will be required to notify the bank so your mortgage can be converted from a resident plan to a non-resident facility, or vice-versa.

  1. What happens to my mortgage if I change jobs?

 It does not affect your mortgage, as long as it does not affect your ability to furnish your regular monthly installments.

  1. Can I transfer my mortgage to a different bank if they are offering me a better product/ service?

Yes, you can, and we can help you with it.

Contact Us

 

Himanshu Kant

Harish Prithivi

Manan Law

 

 

 

 

Direct Phone Number:

+971 54 3966444

+971 54 3866444

+971 54 3766444

E-Mail Address:

h.kant@homebridge.me

 

h.prithivi@homebridge.me

 

m.law@homebridge.me

 

 Address

401-59, Building 7,

Bay Square, Business Bay,

Dubai, U.A.E.

info@homebridge.me

www.homebridge.me