Dubai – Mubasher: HSBC has unveiled plans to expand its mortgage business in the UAE by making deals available through real estate brokers in Dubai.
The global banking giant said it will increase customer opportunities to access competitive mortgage deals in the emirate by making its mortgage options available through three brokers.
The three brokers are: Allsopp & Allsopp Mortgage Services, Home Matters and Lion Mortgage, HSBC revealed in a statement.
“We know the importance of providing choice and convenience to our customers; this is especially true when it comes to getting a mortgage,” stated Kunal Malani, regional head of Customer Value Management, Retail Banking and Wealth Management for the MENA region and Turkey at HSBC.
“By partnering with these established brokers, we are able to provide more people with access to our mortgages, to purchase their first property or move up the housing ladder,” he added.
The London-based bank’s presence in the broker market comes as part of its growth strategy to expand its mortgage portfolio.
For approved UAE properties, HSBC said it offers interest rates starting from 3.24% with finance of up to 80% of the total value of the property for UAE nationals, and 75% for expats, the statement showed.
