Move your mortgage when it makes sense.
A mortgage balance transfer moves your existing loan to a different bank, usually when your fixed rate is ending or you've found better terms. It only makes sense if the saving outweighs the costs of switching. Central Bank rules limit what your current bank can charge you to settle early, and say there should be no barrier to refinancing elsewhere.
We'll compare your current terms with what other lenders offer and calculate the real saving after fees, so you can decide with the numbers in front of you. Sometimes staying put is the right answer, and we'll tell you if it is.
Is this right for you?
- Owners whose fixed-rate period is ending
- Owners who want lower monthly payments or a different term
- Owners who want to switch to or from Islamic finance
- Owners who want to release equity at the same time
How a balance transfer works
- Review your current loanWe look at your balance, rate, fixed period and early settlement terms.
- Compare and calculateWe compare offers and work out the saving after switching costs.
- Approval with the new bankWe apply to the new bank and arrange the valuation.
- SettlementThe new bank settles your old loan using a liability letter from your current bank.
- Re-registrationThe old mortgage is released and the new one registered on the title deed.
Is switching worth it?
- Early settlement costs. Your current bank may charge to settle early. Central Bank rules cap these charges.
- New bank fees. Processing, valuation and mortgage registration costs apply to the new loan.
- Remaining fixed period. Switching in the middle of a fixed rate can cost more than waiting until it ends.
- Your loan-to-value now. If your property has risen in value or you've paid down the loan, you may qualify for better terms.
- Total cost, not just the rate. We compare the total cost over the period you're likely to keep the loan.
What you'll usually need
Salaried applicants
- Passport, residence visa and Emirates ID
- Salary certificate from your employer
- Recent payslips and bank statements showing salary credits (usually 6 months)
- Details of existing loans and credit cards
Self-employed and business owners
- Passport, residence visa and Emirates ID
- Trade licence and company documents (such as the memorandum of association)
- Personal and company bank statements (often 6 to 12 months)
- Audited financial statements or proof of business income, where the lender asks for them
Your existing mortgage
- Latest mortgage statement
- Liability letter from your current bank showing the amount to settle
- Title deed of the property
Lenders may ask for more depending on your profile. We'll give you an exact checklist for your case.
Numbers to know
- Charges to refinance or settle early
- Capped by Central Bank rules
- Barriers to refinancing elsewhere
- Not allowed under Central Bank rules
- Maximum debt burden ratio (share of gross income)
- 50%
- Maximum mortgage term
- 25 years
Regulatory limits: Central Bank of the UAE, Regulations Regarding Mortgage Loans, checked 7 November 2026. Lenders can apply stricter limits.
Your questions, answered.
When is a balance transfer worth it?
Can my bank stop me moving my mortgage?
Can I release cash when I switch?
How long does a transfer take?
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