residential

Showing posts for residential

11 December 2019

Mortgage Repayment Penalties: Reasonable Charge or Restriction on Competition?

What just happened? The UAE Central Bank reduced the 3% early settlement fee (‘exit’) for mortgages introduced in June last year to 1%, or Dh10,000, whichever is lower.[1] Market participants generally reacted favourably to the announcement, noting that in principle at least, borrowers must always weigh up the benefits of lower interest rates against the up-front cost of the exit […]

Stay up to date

SIGN UP