Paying too much on your current mortgage? A buyout moves your loan to a bank with a better rate, better terms or extra funds, and we work out whether it’s worth it first.
Free eligibility check
Our banking panel
One application with us puts your profile in front of the banks most likely to say yes, so you can compare rates, fees and terms side by side.
At a glance
Typical figures under UAE Central Bank rules and bank criteria, reviewed October 2026. Your offer depends on your profile and the lending bank.
Overview
In a buyout, also called a balance transfer, a new bank pays off your current mortgage and replaces it with a new one. Most people switch for a lower rate, but you can also change your term, move from variable to fixed, or release extra cash.
Switching has costs: an early settlement fee to your current bank, capped by the UAE Central Bank at 1% of the outstanding balance or AED 10,000, plus valuation and registration fees. Some banks offer incentives that cover part of these.
We calculate your saving after all costs before you decide. If switching doesn’t pay off, we’ll tell you.
Is it right for you?
How it works
We compare your current loan with today’s offers, including all costs.
Your current bank confirms the outstanding balance.
The new bank approves the buyout and values the property.
The new bank pays off the old loan.
The mortgage is registered with the new bank at the DLD.
Documents
We send a personal checklist after your consultation. These are the usual basics.
Why Easyhome Mortgage
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FAQ
Straight answers on UAE mortgages. If yours isn’t here, ask Easyhome AI or an adviser.
Ask Easyhome AI for a quick answer, or an adviser for advice on your situation.
When another bank offers a lower rate, better terms or a top-up that outweighs the cost of switching. We calculate the saving, including any early settlement fee, before you decide.
Usually yes: your current bank may charge an early settlement fee, and there are valuation and registration costs. Some banks offer incentives that cover part of these.
Often, yes. If your property has increased in value or you’ve paid down your loan, the new bank may offer a top-up, subject to its criteria.
It depends on your profile, documents, the property and the bank. A complete, well-prepared application avoids most delays, but final timings are set by the bank and the other parties in the transaction.
Ask Easyhome AI for a quick answer, or an adviser for advice on your situation.
