Home financing made simple
Here to help you secure the right mortgage, with support at every step.
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Overview
From planning your purchase to securing the right mortgage
If you’re exploring mortgage options, you’re in the right place. Whether this is your first home or your next step, financing can feel like a lot, and it’s completely normal to have questions.
Through Lomond, we help you understand your options, compare what works for you, and move forward with confidence. We look at your goals, guide you through each step, and make sure you’re supported from start to finish, so you can focus on choosing the home that’s right for you.
Through Lomond, we help you understand your options, compare what works for you, and move forward with confidence. We look at your goals, guide you through each step, and make sure you’re supported from start to finish, so you can focus on choosing the home that’s right for you.
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Support that makes your mortgage easier
Expert advice, on your side
You’ll speak to a mortgage specialist who listens first, then lays out your options so you can decide what works for you.
Better rates without the legwork
We scan the market, use our lender relationships, and negotiate on your behalf so you can access competitive rates and terms without chasing multiple banks.
Pre-approval that powers your search
You’ll know what you can borrow before you start viewing, giving you confidence, a clear budget, and a stronger position when you make an offer.
A faster, calmer process
From paperwork to timelines, we keep things moving and keep you informed, reducing last-minute stress and helping you reach completion smoothly.
See what your loan could look like
Your mortgage should never be a wild guess. With our calculator, you can instantly explore what your payments might be and get a personalised quote. It’s a quick way to bring clarity to your move, helping you plan without second-guessing.
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Frequently Asked Questions
What is a mortgage and how does it work?+
A mortgage is a loan that a lender extends to a home buyer to help finance the purchase of a property.
How are monthly mortgage payments structured?+
Monthly mortgage payments are split into 3 parts: the principal, interest and insurance. The principle is the amount that goes towards the equity of the property, the interest is the rate charged to obtain the loan, and insurance is a mandatory addition to all mortgages.
What is collateral?+
The property you purchase acts as collateral. This means that if you fail to repay the mortgage, the lender can take possession of the property and sell it to collect any money owed to them.
What is my loan limit?+
This is dependent on your personal circumstances, so you would need to speak to our mortgage advisor for an accurate answer.
What is the benefit of overpaying on a mortgage?+
If you overpay on your mortgage repayments, you will pay off your mortgage faster and pay less interest over the term (use our early payoff calculator to get the sums). So overpaying can be beneficial.
Is there a circumstance when it is better to not pay off your mortgage faster?+
If you have a low-interest rate and you put your money towards higher-interest investments, it might make sense to keep the mortgage ongoing while using capital to earn more money on higher-interest investments.
What are fixed-rate mortgages?+
Fixed rate mortgages are where the interest rate charged on the loan stays the same for a certain period of time, usually 1,2,3 or 5 years. During this time your monthly mortgage repayment will not change.
What are variable-rate mortgages?+
Variable rate mortgages are where the interest rate that you pay on your mortgage will change based upon changes to the EIBOR rate. This means that your monthly repayments can change over time.
What is a mortgage tenor?+
This is the total length of the mortgage. The maximum length in the UAE is 25 years and is based on its affordability. This can be discussed with your mortgage advisor and confirmed by the bank.
I still don’t understand some things about getting a mortgage, what should I do?+
We strongly recommend speaking to our mortgage advisor. They will tell you everything you need to know about getting a mortgage and guide you through every step of the way.
How much can I borrow from a bank?+
This will depend on your personal circumstances, such as your salary and existing liabilities. Have a chat with our mortgage advisor who will be able to advise you based on your circumstances.
How long is the processing time for mortgage approval?+
This is dependent on your personal circumstances. Typically, it takes around 2 weeks to get pre-approval and up to 2 weeks after signing MOU to get the final offer letter. Have a chat with our mortgage advisor who can give you realistic timeframes based on your circumstances.
What is amortization?+
Amortization is a schedule that shows you how much of your mortgage payment goes against the capital and how much goes against interest. This allows you to work out how much interest you will save by making extra payments over the tenure of the mortgage.
Frequently Asked Questions
What is a mortgage and how does it work?+−
A mortgage is a loan that a lender extends to a home buyer to help finance the purchase of a property.
How are monthly mortgage payments structured?+−
Monthly mortgage payments are split into 3 parts: the principal, interest and insurance. The principle is the amount that goes towards the equity of the property, the interest is the rate charged to obtain the loan, and insurance is a mandatory addition to all mortgages.
What is collateral?+−
The property you purchase acts as collateral. This means that if you fail to repay the mortgage, the lender can take possession of the property and sell it to collect any money owed to them.
What is my loan limit?+−
This is dependent on your personal circumstances, so you would need to speak to our mortgage advisor for an accurate answer.
What is the benefit of overpaying on a mortgage?+−
If you overpay on your mortgage repayments, you will pay off your mortgage faster and pay less interest over the term (use our early payoff calculator to get the sums). So overpaying can be beneficial.
Is there a circumstance when it is better to not pay off your mortgage faster?+−
If you have a low-interest rate and you put your money towards higher-interest investments, it might make sense to keep the mortgage ongoing while using capital to earn more money on higher-interest investments.
What are fixed-rate mortgages?+−
Fixed rate mortgages are where the interest rate charged on the loan stays the same for a certain period of time, usually 1,2,3 or 5 years. During this time your monthly mortgage repayment will not change.
What are variable-rate mortgages?+−
Variable rate mortgages are where the interest rate that you pay on your mortgage will change based upon changes to the EIBOR rate. This means that your monthly repayments can change over time.
What is a mortgage tenor?+−
This is the total length of the mortgage. The maximum length in the UAE is 25 years and is based on its affordability. This can be discussed with your mortgage advisor and confirmed by the bank.
I still don’t understand some things about getting a mortgage, what should I do?+−
We strongly recommend speaking to our mortgage advisor. They will tell you everything you need to know about getting a mortgage and guide you through every step of the way.
How much can I borrow from a bank?+−
This will depend on your personal circumstances, such as your salary and existing liabilities. Have a chat with our mortgage advisor who will be able to advise you based on your circumstances.
How long is the processing time for mortgage approval?+−
This is dependent on your personal circumstances. Typically, it takes around 2 weeks to get pre-approval and up to 2 weeks after signing MOU to get the final offer letter. Have a chat with our mortgage advisor who can give you realistic timeframes based on your circumstances.
What is amortization?+−
Amortization is a schedule that shows you how much of your mortgage payment goes against the capital and how much goes against interest. This allows you to work out how much interest you will save by making extra payments over the tenure of the mortgage.