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Equity Release

Equity Release2024-03-18T09:35:38+00:00
a shot of dubai’s skyline with tall buildings at sunrise

Embrace Financial Freedom with Equity Release

Equity release, also known as a loan against property, enables homeowners to access the equity tied up in their property. Homeowners may consider an equity release loan for various reasons, such as home improvements, paying off debt, business investments, etc.
 
Benefits Tailored for You:

  • Effortless Process: Smooth process for unlocking the value of your home today.
  • Minimal Documentation: Streamlined, hassle-free process for salaried or self-employed individuals.
  • Tailored Solutions: Personalized approaches catering to non-residents’ unique needs.
  • Transparent Approach: At Lion Mortgage, transparency is paramount. We provide clear information on rates, terms, associated fees, and processes.
  • Proven Track Record: Trusted expertise with a successful history in equity release loans.

We’re Here to Help – Contact Us

Get answers to
common questions

Equity release loans provide several benefits such as financial flexibility, financial relief, access to cash while retaining the ownership of the property, etc.

Similar to other mortgage loans, applicants are required to be of legal age i.e. minimum of 21 years old, while the maximum age at the maturity of the loan is capped at 65 years for Expats Salaried and 70 years for Expats Self Employed and UAE Nationals.

To apply for an equity release loan in the UAE, you must provide documents such as a copy of your visa and passport, a copy of your Emirates ID, a salary certificate for proof of employment, and latest 6 months bank statements. If you are self-employed you will need to provide the company documents as well as the company income documents such as license, latest 6 months company bank statements, audited financials, etc. These can vary depending on the bank you’re borrowing from.

Lion Mortgage has crafted an effortless process. From application to approval and disbursement, our team ensures a seamless experience tailored to your unique circumstances. Read more about our process here.

Yes, Lion Mortgage boasts a trusted expertise with a successful history in handling equity release loans. Our experience ensures that you receive reliable and professional assistance throughout the process.

Yes, non-residents can apply for equity release loans, although the terms may vary. Select lenders offer this option.

Lenders usually offer similar or higher interest rates in comparison to mortgage loans for property purchases. However, the interest rates can vary from lender to lender.

Yes, most lenders provide lump sum as a disbursement option.

To kick-start the process, you can reach out to Lion Mortgage through our website or contact our dedicated team. We are here to guide you through the application process and address any queries you may have.

Yes, you should consider factors such as the impact on inheritance, the terms/interest rates being offered, long-term effects etc. Lion Mortgage recommends seeking legal advice to fully understand your terms and conditions.

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