For a long time now the minimum mortgage available for non-residents looking to buy property in the UK was £100,000 but we can now arrange mortgages from just £30,000.
News: New UK mortgage options from just £30,000
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Tag Archives: Banks
New to Dubai? A very useful event just for you.
If you are new to Dubai then you’ll already know that life here is quite different to being in your home country so make a note in your diary to come along to a helpful presentation to get you up to speed on lots of things that you need to know. Saturday 13th August, 9am to 12pm, at FC Dubai in Al Quoz (near Ace Hardware).
This event is run by Citispi and features several guest speakers on a variety of topics including all manner of financial issues from me, property by Espace Real Estate and schooling from British Orchard Nursery. The venue has a supervised children’s play area and there will refreshments and snacks. Citispi will also provide information about the local social scene.
News: Consumer debt in the UAE
A recently issued survey by a firm of International business analysts has shown that the amount of consumer debt in the UAE is rising and is at worrying levels. The figures collected show that as of June 2012, the total household debt in the UAE totaled over AED 418bn (USD 114bn, GBP 75bn), an average of AED 348,650 (USD 95,000, GBP 63,000) of debt per household! I would be surprised if the actual figures were any better a year later.
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News: HSBC takeover of Lloyds TSB?
It has just been announced that HSBC Bank Middle East Limited (“HBME”) has entered into an initial agreement to acquire the United Arab Emirates onshore retail and commercial banking business of Lloyds TSB Middle East subject to regulatory approvals.
An unexpected move that is likely to please and annoy customers in equal measures. It appears that overall Lloyds TSB offers a better level of service to their personal banking customers than HSBC, so it’ll be interesting to see how this pans out, assuming the merger eventually takes place.
Podcast of radio show 8th September 2010
A new show after the summer break and we kicked off by talking about managing your finances in the UAE generally with tips on dealing with your bank
The next show will be on Wednesday 6th October.