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30 July 2007
UK consumers that are looking to purchase property in the United Arab Emirates will now be able to enjoy another option when it comes to getting finance for their property.
One of the leading banks in Dubai, the National Bank of Dubai, has recently announced that it will be extending its services to offer loans to UK consumers that wish to purchase property there, as well as offering remortgages to those that already have property in the United Arab Emirates and want to enjoy a more competitive deal.
The bank made its announcement recently, and will be working in conjunction with the mortgage adviser firm John Charcol in order to offer finance to UK consumers.
The National Bank of Dubai is also the leading mortgage provider in Dubai as well as one of its best known banks, giving consumers the peace of mind that they are borrowing through a reputable and successful lender.
A spokesperson from the firm John Charcol stated: "This is an exciting advance for us. We are delighted to be working with NBD on delivering another innovative and unique solution for UK residents and their financial needs. It's a great start to our new operation which will be opening in Dubai shortly and represents our first overseas expansion."
A spokesperson from the National Bank of Dubai added: "Today’s announcement represents NBD’s continuing commitment to the mortgage business in the UAE. As one of the leading retail banks in the country, this tie up with a John Charcol is part of NBD’s innovative approach to providing flexible products to a maturing home finance market, and to diversifying our customer base."
Consumers in the UK that wish to take up a loan with the National Bank of Dubai can get the support and assistance that they need from John Charcol, and will then be able to get the finance that they need from the National Bank of Dubai subject to status and eligibility.
This venture will provide consumers in the UK with another effective option when it comes to raising the money to purchase property in the United Arab Emirates.
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