Terms & Conditions

Houzzhunt operates as an independent mortgage advisory service. We act as an intermediary between clients and lending institutions (banks and financial institutions) licensed to operate in the United Arab Emirates. We do not lend money directly, issue mortgages, guarantee loan approvals, or make credit decisions on behalf of any bank or financial institution.

Our services include, but are not limited to:

• Mortgage consultation and financial needs assessment
• Comparison of mortgage products across partnered UAE banks
• Pre-approval application assistance and document preparation
• Liaison with banks and financial institutions on your behalf
• Guidance through the mortgage application, valuation, and disbursement process
• Advisory on residential, commercial, refinance, equity release, Islamic finance, non-resident, plot & land, and off-plan mortgage products

Houzzhunt does not provide legal advice, tax advisory, property valuation, or financial planning services. Clients are encouraged to seek independent legal, tax, and financial counsel as required.

All mortgage interest rates, Loan-to-Value (LTV) ratios, loan tenures, monthly payment estimates, and any other financial figures displayed on our website, marketing materials, brochures, social media channels, or communicated verbally by our advisors are indicative only and are provided for general informational purposes. These figures do not constitute a formal financial offer, guarantee, or commitment from Houzzhunt or any partnered bank or financial institution.

Mortgage rates are subject to change without prior notice and are influenced by multiple factors, including but not limited to:

• The Emirates Interbank Offered Rate (EIBOR) and its periodic fluctuations
• The UAE Central Bank base rate and monetary policy decisions
• Individual bank lending policies, risk appetite, and promotional offerings
• The borrower’s financial profile, credit history, income, employment status, and debt burden ratio (DBR)
• Property type, value, location, and completion status (ready, off-plan, or under construction)
• Residency status of the borrower (UAE national, resident expatriate, or non-resident)
• Global economic conditions and central bank policy changes in major economies

Houzzhunt does not guarantee any specific interest rate, LTV ratio, loan amount, approval timeline, or monthly payment. The final terms of any mortgage product are determined solely by the lending institution upon completion of their underwriting and assessment process. Rates displayed on our website or communicated by our advisors may not be available at the time of your application.

For variable-rate mortgage products, the interest rate is typically calculated as the Emirates Interbank Offered Rate (EIBOR) plus a fixed bank margin. EIBOR is published by the Central Bank of the UAE and fluctuates based on market conditions. Clients should be aware that monthly payments on variable-rate products may increase or decrease over the loan tenure in accordance with EIBOR movements.

Where a fixed-rate mortgage is offered, the fixed rate applies only for the agreed initial period (typically 1 to 5 years). Upon expiry of the fixed-rate period, the mortgage will revert to a variable rate (typically EIBOR plus the bank's margin), which may result in higher monthly payments.

Any potential savings, cost comparisons, or financial benefit illustrations presented on our website or by our advisors are hypothetical and based on assumed loan amounts, tenures, and prevailing rates at a specific point in time. Actual savings will vary based on individual circumstances and the final mortgage terms offered by the lending institution.

All mortgage products facilitated through Houzzhunt are subject to the regulations set by the Central Bank of the United Arab Emirates (CBUAE), including but not limited to:

• Maximum Loan-to-Value (LTV) ratios as prescribed under CBUAE Circular No. 31/2013 and its amendments
• Maximum loan tenure of 25 years
• Debt Burden Ratio (DBR) cap of 50% of the borrower’s monthly income
• Age limits at the time of final repayment: 65 years for salaried employees, 70 years for self-employed individuals (or 70 years for UAE nationals)
• Mandatory property valuation by an independent, bank-approved valuer
• Mortgage registration with the relevant land department (e.g., Dubai Land Department)

As per CBUAE regulations, the maximum LTV ratios are as follows:

These are maximum limits set by CBUAE. Individual banks may apply stricter criteria.

Houzzhunt provides its mortgage advisory services at zero cost to the Client. We do not charge any consultation fees, brokerage fees, or service charges for our mortgage advisory services. Our compensation is received from the lending institution upon successful mortgage disbursement.

Clients should be aware that the following third-party fees and charges may apply during the mortgage process. These are not charged by Houzzhunt and are payable directly to the respective parties:

• Bank processing/arrangement fees (typically 1% of loan amount)
• Property valuation fees (as determined by the bank-appointed valuer)
• Dubai Land Department (DLD) mortgage registration fee (0.25% of loan amount + AED 290)
• DLD property transfer fee (4% of property value)
• Real estate agency commission (typically 2% of property value)
• Property insurance and life insurance premiums (as required by the lending institution)
• Early settlement fees (capped at 1% of outstanding balance or AED 10,000, whichever is lower, per CBUAE regulations)
• Conveyancing and legal fees (if applicable)

These fees are indicative and may vary. Clients should confirm all applicable fees directly with the relevant parties before proceeding.

In the course of providing our services, Houzzhunt will collect and process personal and financial information, including but not limited to: name, contact details, Emirates ID, passport copy, visa details, salary information, bank statements, credit bureau reports, and property details.

Your personal data will be used solely for the following purposes:

• Processing your mortgage application with partner banks and financial institutions
• Communicating with you regarding your application status and related services
• Compliance with applicable UAE laws and regulatory requirements
• Internal record-keeping and service improvement

By engaging our services, you consent to Houzzhunt sharing your personal and financial information with partner banks, financial institutions, and relevant regulatory bodies as necessary for the processing of your mortgage application. We will not sell, rent, or share your data with unrelated third parties for marketing purposes without your explicit consent.

Houzzhunt implements reasonable technical and organisational measures to protect your personal data from unauthorised access, loss, or misuse. However, no method of electronic transmission or storage is 100% secure, and we cannot guarantee absolute security of your data.

These Terms shall be governed by and construed in accordance with the laws of the United Arab Emirates and the Emirate of Dubai.

In the event of any dispute arising out of or in connection with these Terms, the parties shall first attempt to resolve the matter amicably through good-faith negotiation. If the dispute cannot be resolved within 30 days, it shall be referred to the competent courts of the Emirate of Dubai, UAE.