Mortgages and More: Building Relationships Beyond the Bank

On this week’s episode of Taking Care of Business, Lewis Allsopp is joined by Allsopp & Allsopp Head of Mortgage, Michael Melim. Michael breaks down the mortgage process in the UAE, the advantages of using a mortgage broker, and also shares his perspective on the current state of UAE banks and their capacity to handle the increasing demand. They also discuss how political developments in the US, particularly involving Trump, are influencing interest rates and what he expects to unfold over the rest of the year. Whether you're a first-time buyer or a seasoned investor, this episode equips you with the knowledge to make informed decisions in Dubai's mortgage market.00:00 Casual Golf Chat01:08 Introduction to Mortgage Services02:19 The Role of a Mortgage Broker05:35 Challenges in the Mortgage Industry07:36 Real Estate Investment Opportunities12:50 Global Economics and Real Estate15:02 Impact of Tariffs on Consumer Prices15:48 Interest Rates and Trump's Economic Policies16:41 Personal Mortgage Experiences17:39 Mortgage Strategies and Risk Management19:27 Understanding HMOs in the UK21:19 Challenges in the UK Rental Market24:15 Dubai's Mortgage Process29:52 Future of Mortgage Rates and Market Outlook Hosted on Acast. See acast.com/privacy for more information.