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UAE lenders want to raise expat mortgage cap to 75%
- United Arab Emirates: Sunday, January 06 - 2013 at 05:06
Chief executives of UAE banks plan to hold a meeting with the central bank this week to discuss the regulator's plan to cap mortgage loans, Bloomberg has reported, citing a person familiar with the matter. Banks will request the central bank to raise mortgage limits for expatriates to 75% of the value of a first home and the UAE nationals to 85%. Prior to the meeting, heads of retail from members of the Emirates Banks Association, which includes lenders such as Emirates NBD and HSBC Holdings, will meet today, three people familiar with the matter said, declining to be identified because the details are private.
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