There has been a consolidation in mortgages in UAE recently.
Before anyone could get a mortgage, now you need to be squeeky clean as banks have become more restrictive.
There is less lending at the moment but in the long run that will help because the money will go to creditworthy clients.
In South Africa, we saw a drop in interest rates from 15% to 14% and the best mortgage guys in SA are starting to offer 95% loans, thats awesome, even to SA citizens living in UAE. So say the Wizards.
The rental market is making some great adjustments in the UAE and now you can get rental finance for 6 months, 1 year and you can pay your rent with one or two cheques, negotiate lower rents even if the landlord wants 12 cheques and manage your cash flow. Independent Finance are the guys offering this and its a real win as they have about 8 options available from interest based to fee based deals.
So be smart, get credit managed and control that crazy spending anduse your money wizely.
