Thank you for your interest in applying for a residential mortgage through Barclays Bank Plc, UAE. Our aim is to help you finance your property in the most efficient and professional manner.
As a responsible lender, Barclays Bank Plc assesses each application based on the information provided to us. To avoid delays in your application processing, a Mortgage Advisor will be assigned to help you at each step of the way. With their assistance you will have an easier grasp on the information and documents required for a quick and accurate assessment.
Once your application is approved, our Customer Management Desk will stay in touch with you and keep you informed on the next steps and ensure your financing is in place when you need it.
| Minimum Age | 21 years |
| Maximum Age | 70 years (on maturity of loan) |
Term
You can enjoy greater flexibility with mortgage terms from 5 to 25 years, up to your reaching the age of 70. In case your mortgage term takes you
past the age of 65, we will ask you to provide us evidence demonstrating sustained capacity for continued monthly repayments in your later
years.
Loan to Value (LTV)
LTV is calculated using the lower of the valuation or the purchase price. The maximum LTV considered for an applicant is determined on an individual case- by- case basis determined by a number of factors. Your Mortgage Advisor will inform you of the applicable percentage.
Life Cover is mandatory for all completed and under- construction properties. In addition Property Insurance is mandatory for all completed villas. Your Mortgage Advisor will provide you details on Group Insurance from Oman Insurance Company for Barclays Bank Plc, UAE.
