Delay in mortgage application approvals is holding up the buying process making UAE’s mortgage market increasingly complex, says an industry expert.

What property buyers look for, beyond rates or the reputation of the lender, is the speed with which a mortgage can be processed. “Speed is everything in the UAE’s property buying market,” says newly-appointed CEO of John Charcol Dubai Chris Dommett.

“John Charcol Dubai is delivering quality brokerage and quick execution and we have more than three decades of experience behind us to support our model.

“We firmly believe that there is strong UAE demand for our principle offering, independent mortgage advice that respects the time constraints of every customer, large and small.”

Established in 1974, the John Charcol is the UK’s leading independent mortgage adviser.

John Charcol Dubai, an independent franchise operation, was launched last year and currently works closely with the country’s leading financial institutions, property developers, and estate agents to bring speed and transparency to the UAE’s property buying process.

“Chris Dommett is a UAE mortgage expert and, as chief executive officer, brings considerable weight and reputation to the company’s operations,” says John Charcol Dubai chairman and Saffar Capital CEO Mishaal Al Usaimi.

Saffar Capital is a leading financial services investment company, which holds the majority stake in John Charcol Dubai.

Dommett comes to John Charcol Dubai from the UAE’s Emirates NBD bank, where he served most recently as head of retail credit.

Earlier Dommett worked with Standard Chartered bank in offices around the world, notably developing and launching mortgage products in Brunei, Qatar, and the UAE. – TradeArabia News Service