Posted on 17 February 2011 by Alan Black
I have a 2 bed apartment in Time place, Dubai Marina. It's current value is around 1M AED. I have a mortgage with Amlak in Dubai for 850K AED over 12 years with a rate of 9.9%. I would like to re-mortgage the 850K AED over 19 years with a better interest rate. Amlak will not allow me to chanmge the existing terms. Is this possible?
We have a franchise based in Dubai which works with all the country's lenders to obtain the best and most suitable mortgage for you.
They can be contacted on 800JCME (800 5263) or e mail email@example.com.
Answers provided in response to Ask the experts are based on the information provided and do not constitute advice under the Financial Services & Markets Act. They reflect the personal views of the authors and do not necessarily represent the views, positions, strategies or opinions of John Charcol. All comments are made in good faith, and John Charcol will not accept liability for them.
We recommend you seek professional advice with regard to any of these topics where appropriate.