Mortgage buyout and refinance in the UAE
Switch your existing home loan to a better rate and smarter terms.
What is a mortgage buyout?
A mortgage buyout means moving your existing home loan from your current lender to a new one, usually to secure a lower interest rate or better terms. The new lender settles your outstanding balance, and you continue your repayments with them under the new agreement.
Buyout vs refinance: what’s the difference?
You move your loan to a new lender. The new lender pays off your current mortgage and you repay them instead, often at a lower rate or with features that suit you better.
You change the terms of your existing loan, such as the rate, the length, or the amount borrowed. This can happen with your current lender or as part of a move to a new one.
Why switch your mortgage?
Reduce your monthly payment by moving to a more competitive rate.
Avoid moving onto a higher variable rate when your fixed term ends.
Adjust the length of your loan or add flexibility such as early repayment.
Unlock part of the value you have built up in your home. Learn more about equity release.
Who can apply for a mortgage buyout?
Salaried residents with a steady income can usually switch an existing mortgage, subject to eligibility and affordability checks.
Overseas investors who own UAE property can explore buyout and refinance options designed for non-resident borrowers.
Business owners and freelancers can qualify with proof of income, trade license, and company financials.
Mortgage buyout costs to consider
Early settlement fees: your current lender may charge a fee for closing the loan before the end of its term.
Valuation fees: the new lender will value your property before approving the switch.
Registration fees: the new mortgage needs to be registered with the relevant land department.
Processing fees: the new lender may charge an arrangement fee for setting up your loan.
How a mortgage buyout works with PRYPCO
1
Tell us about your current mortgage and what you want to achieve.
2
Your advisor compares rates from a wide panel of lenders and shortlists the best options.
3
We handle the paperwork and keep you updated at every stage of the approval.
4
Your new lender settles the old loan and your improved terms take effect.
Documents you need for a mortgage buyout
Having these ready speeds up your buyout approval. Requirements can vary slightly by lender and residency status.
Passport, visa, and Emirates ID copies
Salary certificate or proof of income
Bank statements for the last 6 months
Current mortgage statement and liability letter
Title deed and property details
Trade license and company documents if self-employed
Why us?
In partnership with
Industry leaders
UAE’s top banks
Clients who ❤︎ us
"Kudos to PRYPCO! Garima and Haniya made my mortgage process seamless and stress-free. Highly recommend PRYPCO!"
Mahesh Madaan
"...both courteous, professional and extremely helpful. They resolved all my queries promptly and supported me throughout the mortgage process!"
Ali Ikram
"Expatriate financing is a hard process, however, PRYPCO has many times gone out of the way to provide great service, which really helped me settle my loan. Highly recommended."
Muhammad Faisal
"My experience was absolutely outstanding. Level of transparency and communication was truly impressive. My real estate journey was not just smooth but genuinely awesome."
Abdul Rawoof
"Even a very simple mortgage takes at least 30 days time but this one with PRYPCO and especially with Areej was really fast, easy, and very professional. I recommend PRYPCO."
Naveed Syed
"I am extremely grateful for having Abhishek, Hania, and her team by my side while applying for my first property mortgage in Dubai!"
Rameshwari Bhalekar
Frequently asked questions
What is a mortgage buyout in the UAE?
How much can I save by refinancing?
What fees apply when switching lenders?
How long does a buyout take?
Can I release equity during a buyout?
Can non-residents refinance a UAE mortgage?
Ready to pay less on your mortgage?
Share a few details and a dedicated PRYPCO advisor will compare offers from leading lenders for you. It is free and there is no obligation.
