Move your mortgage to a better rate
Fixed rate ending? Many UAE home loans then move to EIBOR plus the bank’s margin. We compare your current deal with 20+ banks, work out if a buyout or refinance pays after the fees, and handle the switch for you.
- 5.0 on Google
- Central Bank regulated
- The bank pays our fee
How it works
- 1
Share your details
Two short steps, about a minute. No documents needed yet.
- 2
We check if switching pays
An advisor compares your current rate and what you still owe with offers from 20+ banks, after the fees.
- 3
We handle the switch
Liability letter, new offer and settlement between the two banks. Typically about 3 weeks.
Does switching pay? A worked example.
Real numbers using published rates. Your own figures will differ, which is what the call is for.
Your loan
- Borrowed AED 1,500,000 over 25 years, fixed at 3.99% for 3 years
- AED 7,909 a month
- Still owed after the 3 years, with 22 years to go
- AED 1,388,459
- Rate after the fixed period: 3-month EIBOR 4.19% plus a 1.50% margin = 5.69%EIBOR on 9 Oct 2026. The margin is an example; yours is in your offer letter.
- AED 9,232 a month
- Switch to a new fixed rate of 4.05%HSBC’s published fixed rate, checked 13 Oct 2026
- AED 7,954 a month
- Monthly saving
- about AED 1,277
What switching costs
- Early settlement fee to your current bankCentral Bank cap: 1% of what you owe or AED 10,000, whichever is less
- AED 10,000
- Processing fee at the new bankUp to 1% plus VAT at many banks; some waive it
- AED 0 to 14,579
- Property valuationAbout AED 2,500 to 3,500, depending on the bank
- AED 3,150
- Dubai Land Department mortgage registration0.25% of the loan plus about AED 290
- AED 3,761
- Total
- AED 16,911 to 31,490
At about AED 1,277 a month, this switch pays for itself in roughly 13 to 25 months. A new fixed rate also ends, so we check the new bank’s rate after its fixed period and its own settlement terms before you sign. If staying put is cheaper, we’ll tell you.
We compare offers from 20+ UAE banks.
One conversation with us, and we check which banks will take over your loan at a better rate, including:
Rated 5.0 on Google.
What clients say once their mortgage is arranged, word for word.
I was rejected by several banks, and almost gave up but they helped me to get mortgage and provide A-Z support, helped me to prepare correct documents package and were with me all the way alone the process.
I can’t thank Wayzfinder enough for helping us secure our mortgage/finance. Their communication, expertise, and dedication were outstanding. They went above and beyond to find the best solution for us and made the entire experience stress free. Highly recommended! Thank you Lithin Thomas!
Friendly and knowledgeable people at Wayzfinder. Handled my query, and guided me through the entire process with sooo much ease. Thank you.
Documents for a mortgage buyout.
You don’t need these to send the form. Having them ready is the fastest way to a new offer.
Your current mortgage
- Latest mortgage statement
- Liability letter from your current bank (we help you request it)
- Title deed copy
You
- Passport and visa copy
- Emirates ID
- Six months of bank statements
Your income
- Salary certificate, if you’re salaried
- Trade licence and company statements, if you’re self-employed
Questions about switching your mortgage.
When does a mortgage buyout make sense?
Usually when your fixed period has ended or is about to, and your rate is moving to EIBOR plus your bank’s margin, or when another bank offers a clearly lower rate than your own. The test is simple: the monthly saving has to cover the switching costs in a reasonable time. We work that out with your real numbers before recommending anything.
How much does it cost to switch banks?
The main costs are the early settlement fee to your current bank (the Central Bank caps it at 1% of what you owe or AED 10,000, whichever is less), the new bank’s processing fee (up to 1% plus VAT at many banks, and some waive it), a valuation of about AED 2,500 to 3,500, and in Dubai the Land Department mortgage registration of 0.25% of the loan plus about AED 290.
How long does a buyout take?
A typical rate switch takes around 3 weeks once your documents are complete. We coordinate the liability letter, the new offer and the settlement between the two banks.
Is a mortgage buyout the same as refinancing?
Close. Refinancing means replacing your current loan with a new one, with your own bank or a different one. A buyout is when a different bank pays off your current loan and takes it over. It’s usually the route to a better rate when your own bank won’t match it.
Can I take extra cash out when I switch?
Often, yes, if the bank’s valuation of your home and your income allow it. The new loan pays off the old one and the difference comes to you. See releasing equity from your property.
Is there a fee to use WayzFinder?
In almost all cases, no. Our fee is paid by the bank once your mortgage is disbursed, so the rate you get through us matches or beats going to the bank directly. Any exception is confirmed with you upfront, in writing, before any work begins.
Find out if switching pays.
Send your details in about a minute. We compare your current deal with 20+ banks and tell you plainly if staying put is cheaper.