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Equity Release: Unlock the Value in Your Property
Do you need access to significant cash flow without having to sell your home or investment property? Equity Release is a powerful and convenient solution that allows homeowners to borrow cash against the value tied up in their completed property or land. At BNW Mortgages, we help you leverage your property’s equity, giving you the financial flexibility to meet various needs and opportunities.
What is Equity Release?
Equity Release is a financial option that allows you to convert a portion of the value of your property into a lump sum of cash. It provides homeowners with access to their home equity to use as they wish, without requiring them to sell the asset.
Types of Equity Release Transactions
We offer two key ways to access your property's value:
Standalone Equity Release
You can avail cash against your property or land, even if it is not currently mortgaged with us.- Additional Finance (Top-Up)
If your property is already mortgaged with us, you can avail extra cash against its increased value.
Features & Benefits
Our Equity Release products are designed to offer maximum flexibility and peace of mind for property owners in the UAE:
- Generous Finance Limits
Borrow up to AED 10 million against property and AED 8 million against land. - Extended Tenure
Enjoy a maximum repayment tenure of up to 25 years. - High Finance-to-Value (FTV)
Competitive LTV ratios across various segments (see details below). - Insurance Coverage
Free Life Takaful (Insurance) for the complete term of your finance. - Property Coverage
Financing available for Freehold & Non-Freehold properties. - Wide Coverage
Widest geographical coverage across the UAE. - Fast Approvals
Streamlined process for quick and efficient approvals.
Finance to Value (FTV) Details
| Mortgage Rank | Target Customer | Maximum FTV | Property Type |
|---|---|---|---|
| 1st Rank Mortgage | UAE Nationals | Up to 80% | Completed Properties |
| 1st Rank Mortgage | Resident Expatriates | Up to 75% | Completed Properties |
| 1st Rank Mortgage | All Applicants | Up to 65% | Land |
| 2nd Rank Mortgage | UAE Nationals | Up to 85% | Completed Properties |
These are the maximum Finance-to-Value ratios available based on property type and applicant category.
Eligibility and Documentation
Who is Eligible?
Equity Release is available for Residents only, including:
UAE Nationals: Minimum salary starting from AED 15,000. - Resident Expatriates: Minimum salary starting from AED 20,000.
Required Documentation (Pre-Approval)
To start the process, we require the following:
- Duly completed and signed application form.
- Valid Passport, UAE National ID, Valid Visa (Khulasat al Khaid Copy for UAE Nationals).
- Six months of bank statements.
- Latest Salary Certificate.
- For Self-Employed: Copy of Trade License and Audited Financial Statements.
Ready to Unlock Your Property’s Potential?
Whether you are looking to fund an investment, consolidate debt, or cover a major expense, BNW Mortgages can structure an Equity Release solution that fits your financial plan. Whether you are looking to fund an investment, consolidate debt, or cover a major expense, BNW Mortgages can structure an Equity Release solution that fits your financial plan. Contact us today to discuss your property and start your application.
