The agreement will see John Charcol Dubai, a leading UAE mortgage broker offering home financing of up to 85 per cent to clients in Abu Dhabi.
Under the terms of the MoU, John Charcol Dubai will source mortgage clients that meet Abu Dhabi Finance’s required criteria, and will help prospective clients prepare their applications and compile relevant supporting documentation. The final credit decision for all mortgages will be taken by Abu Dhabi Finance.
The MoU was recently signed between Philip Ward, CEO of Abu Dhabi Finance, and Chris Dommett, CEO of John Charcol Dubai.
John Charcol Dubai is the local franchise of John Charcol, the UK’s largest and best known independent mortgage broker. John Charcol established an operation in the UAE in 2007 after it secured the country’s first mortgage consultancy licence.
“Abu Dhabi Finance was formed to offer professional mortgage experience to people buying property in Abu Dhabi. Strategic partnerships with firms that have a proven track-record in offering best-of-breed advice is an essential part of that strategy, ensuring our clients receive the highest quality of service,” said Ward.
“At a time when many lenders are withdrawing from the market, it is heartening to see the arrival of Abu Dhabi Finance with its commitment to customer service,” said Dommett.