Read the current loan
Outstanding, remaining tenor, fixed expiry, early settlement, and whether you already transfer salary. A liability letter from the existing bank is usually required.
Refinance & buyout
Mortgage Refinance & Buyout in Dubai
A lower rate is not a better loan until every fee is counted.
Replace the current home loan with a new one, only if the all-in cost still wins. Sometimes the right advice is to stay.
A refinance, or bank buyout, pays out your existing mortgage with a new lender (or a new product at the same bank). People do it to cut the rate, change the term, leave a fixed period, or restructure before the loan goes variable.
The billboard rate is the least interesting number on a buyout. Early settlement on the old loan, a new valuation, processing, mortgage release, and DLD registration can eat the first year of ‘savings’.
We put outstanding balance, remaining fixed months, and every switching cost next to what other UAE banks will actually offer your file. If staying is cheaper, we say so. Crelco does not need the switch to happen.
September applications: valuation fee refunded when the mortgage completes with Crelco. That is one line of the cost, not the whole decision.
How a file can look
Illustrative only. Not an offer and not your number. An advisor replaces this with the file.
Fixed period ending in four months
This is the classic review. Get quotes now so you are not rolled onto a reversion rate by default. If the current bank matches a clean offer, staying can still be right.
- A payback period in months, not a headline rate.
- Existing early-settlement clause read in full.
- New salary-transfer and settlement rules compared with the old ones.
- Your plans for the property included, not only today’s instalment.
- Permission to stay put if the arithmetic fails.
Rate is not the only factor
A slightly higher rate with no salary transfer can still be the better life. A slightly lower rate that locks you for five years can be the worse one if you plan to sell. Fees, tenor, partial settlement rules, and your next two to five years all sit in the same conversation.
The advisor shows the options you qualify for. You decide after that, not from a slogan.
Internal retention versus a real buyout
Your current bank may match. Sometimes that is enough. Sometimes the match still has a worse reversion or a fee the new lender would waive. We treat the retention call as one more quote, not as the answer.
How it works
How we decide if a buyout is worth it
Price the move
Settlement + valuation + processing + registration versus monthly saving. If payback is longer than you plan to keep the property, we stop there.
Compare real offers
Not every bank will take every building or every self-employed file. We only table options you are eligible for. You choose after the consultation.
Execute, or don’t
If you proceed: valuation, new offer, settlement, new registration. If you don’t: you have a documented reason, not a sales call.
See what you can borrow.
A Crelco advisor maps the file, compares banks, and you decide. Crelco does not charge any consultation fees.
Documents
What we typically ask for
- Current mortgage statement and liability letter
- Title deed
- Passport, visa, Emirates ID if resident
- Income documents and statements
- Existing offer or schedule of charges if you have them
Exact lists vary by bank and employment type. We collect only what the file requires.
Also useful
Related at Crelco
Questions
Asked, answered.
Direct answers first. If yours is not here, an advisor will take documents, timing, and the bank that actually fits.
Private consultation
Speak with a Crelco mortgage advisor.
Independent advice. Banks compared for your file. Crelco does not charge any consultation fees.