Monday, July 09, 2007

Realty purchases by UK residents to be financed by NBD

With the aim of providing finance to UK residents intending to buy residential properties in UAE, the National Bank of Dubai (NBD) has announced a tie-up with John Charcol, a leading UK based mortgage adviser.

The mutually exclusive tie-up will also offer re-financing to US residents who have already invested in the Dubai residential realty sector. Even mortgages for residential properties, both under construction and the completed ones, from about fourteen reputed developers approved by NBD, are on the offer.

The Head of retail banking of NBD, Suvo Sarkar, says "This tie-up with John Charcol, is a part of innovative approach by NBD, to provide flexible products to a maturing home finance market so as to diversify our customer base."

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