Case Study
Extra scrutiny, answered upfront.
An Iranian national and established real estate business owner, applying during a period of heightened geopolitical uncertainty and closer compliance checks.
Mortgage ApprovedAED 3.5 million
Filed Under
The Situation
An Iranian national and established real estate business owner needed mortgage finance during a period of heightened geopolitical uncertainty.
The client's financial profile was strong, but closer compliance scrutiny and changing lender appetite meant the file was more complex than a standard mortgage application.
What Stood in the Way
During a period of heightened geopolitical uncertainty, closer compliance scrutiny and changing lender appetite meant the file was more complex than a standard application.
How We Structured It
We reviewed the client's business activity, income, banking history and source of funds in detail, and organised the supporting documents into one clear and consistent financial profile.
We answered the likely compliance questions upfront, so the lender understood the business, the income flows and the background to the transaction from the outset.
Through the credit and compliance review we stayed close to the lender and dealt with each additional requirement as it came.
The Outcome
Despite the heightened scrutiny, a mortgage of AED 3.5 million was approved and the client went ahead with the transaction.
Before you enquire.
Does my nationality affect whether I can get a mortgage?
Lender appetite and compliance checks vary from lender to lender and can change over time, as they did in this case. Which lenders fit depends on your whole profile, so tell us about yours and a specialist will point you to the ones that do. Talk to a Specialist
What is source of funds, and why does a lender ask?
It is the evidence of where the money in a transaction comes from, such as business income or savings, and lenders check it as part of their compliance review. In this case, setting it out at the start helped the lender understand the business, the income flows and the transaction from the outset.
Which bank approved this case?
We do not name banks on this website. The right lender is different for each case, and a specialist will talk you through the ones that fit yours.
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