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Mortgage in Dubai as a non-resident

Last post 14 Jan 2010, 1:00 PM by kmacadam. 1 replies.
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  •  14 Jan 2010, 2:21 AM 961395

    Mortgage in Dubai as a non-resident

    I have a mortgage in Dubai (which I got when I was a UAE resident in 2008), but I am no longer a resident there. It's not sustainable for me to go back to the UAE every six months to renew my residency visa (in line with the new regulations), but my mortgage company has expressed concern that I am no longer a UAE resident. Does anyone know what rights the bank has got to change my mortgage conditions or to try and cancel my mortgage as a result of this? I imagine there must be a lot of other people in the same position given the change in regulations.

     

    Thanks very much for your help

     

    Verity 

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  •  14 Jan 2010, 1:00 PM 961621 in reply to 961395

    Re: Mortgage in Dubai as a non-resident

    Hi Verity

    Which lender are you with?

    Please drop me a pm with your private email and we can see if we can help.

    There are still lenders that are lending there depending upon the development.

    Regards


    Kevin Macadam
    www.overseasmortgagebroker.co.uk
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