Answers to the most frequently asked questions

International Mortgage Services

Who can apply for an ADCB UK Mortgage?

ADCB’s UK Mortgage is available to all eligible UAE residents (Nationals and Expatriates).

What is the minimum income requirement?

Segment National Residents Expatriate Residents
   AED 25,000    AED 30,000
   AED 40,000    AED 40,000

Do I need to be an existing ADCB account holder to apply for a mortgage loan?

You do not need to be an existing ADCB account holder, although there is a requirement for you to open an ADCB bank account should you decide to proceed with the mortgage loan.

Do I have to transfer my salary or income to ADCB to get an ADCB Mortgage?

You are not obliged to transfer your salary or income to ADCB.

For what purposes does ADCB offer mortgage finance for?

ADCB offers mortgage loans for buy-to-let, owner occupied and for family residence. Any buy to let property should have an Assured Short hold Tenancy Agreement in place.

What is the maximum term that the mortgage loans are available for?

Clients can opt for a mortgage loan term of any number of months from 60 months (5 years) up to 300 months (25 years).

How do I apply for an ADCB UK Mortgage?

You may call ADCB Contact Centre on 600 50 2030 or alternatively leave your contact details on our website and one of our Senior Relationship Officers (SRO's) will follow-up on your inquiry within 48 hours.

Can I have a co-borrower on the loan? Is it mandatory?

Yes, a mortgage loan can be taken out in joint names. Co-borrowers are mandatory where eligibility of the primary borrower is less than the loan requirement.

What currency will I have to repay the mortgage loan monthly payments in?

The loan will be granted in AED and repayments will be made in AED. The funds will be transferred to the solicitors based on ADCB’s prevailing AED: GBP exchange rate on the day of disbursement.

How many properties can be financed by ADCB International Mortgage services and what is the maximum loan amount?

There is no specific limit on the number of properties ADCB can finance as this is based upon your overall eligibility and the merits of each individual application.

What are the Loan to Value parameters? Does ADCB finance under construction properties as well?

a) Maximum LTV

Maximum LTV
Valuation or Purchase Price
(whichever is lower)
All Clients
Up to GBP 1 million Up to 75%
GBP 1 million to GBP 3 million Up to 70%
GBP 3 million to GBP 5 million Up to 60%
Above GBP 5 million Up to 50%

b)Under-Construction Properties

ADCB does not finance under construction properties in the UK, however, if the property is nearing completion such applications may be considered on a case-by-case basis

Is there a minimum and maximum age requirement?

If you are salaried you must be 21 years or older and if you are self-employed you must be 25 years or older. The mortgage loan should be repaid by your 65th birthday

What will my monthly payments be?

Monthly payments are based on your mortgage loan amount, your loan tenor and the interest rate applicable to the loan.

What documents do I need to apply for a mortgage loan?

Salaried Residents (Nationals and Expatriates) Self-employed Residents (Nationals and Expatriates)

Completed application form

Photocopy of passport and visa (UAE National's must provide a copy of their "Khoulaset El Kaid" )

Bank statements for past six months

Salary/On-the-Job Certificate, issued to ADCB* and dated 30 days or less from date of loan application
(*Letter issued by government MOD or MOI accepted)

Salary transfer letter (if transferring salary to ADCB)

Details of existing loans/liabilities

Completed application form

Photocopy of passport and visa (UAE National's must provide a copy of their "Khoulaset El Kaid" )

Bank statements for past six months for both personal and company accounts

Proof of existence of business (Partnership Deed, Memorandum of Association, Articles of Association)

Ownership pattern – Latest list of shareholders in case of LLC. For non LLC, list of owners and % of share.

Business Profile (details of the nature of the business, number of years in business, products, services, suppliers, clients, infrastructure, number of employees, target markets, assets and liabilities, business strategy)

Proof of business income (certified audited financial statements for the last two years, if the loan amount is more than AED 2,500,000)

Details of 'other Income' (proof of investments and regular income sources)

Details of existing loans/liabilities

What are the insurance requirements for ADCB UK Mortgage loan applicants?

Home Insurance

  • Home insurance for the full rebuilding cost (as defined by the bank’s associated valuation company) will be required.
  • If a “block” buildings insurance policy is in place for a leasehold property, a separate Home Insurance policy will generally not be required.
  • The Bank’s conveyancer will establish if either an acceptable  block or individual policy is in place prior to disbursement.
  • Contents Insurance is not mandatory

Life Insurance

  • Life Insurance is mandatory
  • Clients can avail Life Insurance under ADCB’s Group Policy or avail an existing policy (availed from an acceptable insurance company licensed in UAE).
  • All policies must be assigned to ADCB with an Assignment Fee paid.
  • Standing Instruction will be obtained from the Borrower to debit his account from payment of regular premiums

Does the bank provide Bridging Loans?

No, the Bank does not offer this type of finance.

What if I would like to make prepayments on my loan?

Prepayments are allowed to be made on your mortgage, However, kindly refer to your offer letter for any applicable fee and charges.

Who would do the valuations on behalf of ADCB? Is a valuation the same as a survey ?

ADCB has arrangements with a number of professional independent valuation companies and we will arrange for a valuation of the property on your behalf. A valuation is not the same as a survey and you should give serious consideration to instructing your own surveyor to ensure the property is of good construction and has been appropriately maintained.

Does ADCB lend for properties throughout the UK ?

The areas covered for financing include the City of London, Greater London, Buckinghamshire, Hertfordshire, Essex, Berkshire, Middlesex, Surrey, Kent and Sussex). Other areas in the UK and Wales may be considered on a case-to-case basis. No finance will be provided for properties in Scotland or Northern Ireland

How much would my down payment need to be ?

The down payment would depend on a number of factors such as the value or purchase price of the property as well as the individual merits of the case.

What are the principal features of an ADCB mortgage loan ?

ADCB mortgage loans offer one of the longest tenures (25 years) for UAE residents (both UAE Nationals and Expatriates), at lower installments with flexible and competitive interest rates. Additionally, UAE residents earning AED 25,000 (Nationals) or AED 30,000 (Expats) or more are eligible to apply and there is no obligation to transfer your salary to ADCB in order to receive financing.

How is interest calculated ?

ADCB calculates your daily outstanding balance in accordance with UAE Central Bank directives and the interest charged is recovered on a monthly basis.

When do I start my monthly payments ?

Your monthly payments will generally begin the month following the date of disbursement.

How can I request details of my existing loan (i.e. outstanding loan amount, current rate of interest applied, and current monthly installment calculation) ?

You may obtain this information by writing to mentioning your customer ID. Your query will be addressed within 5 working days.

Can I defer my mortgage loan payment ?

Mortgage loan payments cannot be deferred and must be paid promptly every month.

What if I am no longer a UAE resident however I am still holding an ADCB mortgage loan; will the terms of my loan change or will I need to settle my loan ?

You are requested to inform our service desk unit prior to leaving the UAE so that your information can be updated in our system accordingly; the terms of your loan may be amended and will be subject to the approval of ADCB on a case to case basis (this can be communicated to you following a review).

Can I reschedule my existing mortgage loan ?

Yes – you may do this by submitting fresh financial documents (i.e. Bank statements, income statements etc) and by presenting rescheduling fees (where applicable) and is subject to the Bank’s approval to rescheduling your loan.

What is the procedure for loan settlement ?

You may settle your mortgage loan by depositing the outstanding loan amount along with the settlement fee (which can be found in your Mortgage Offer letter).

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