Can my housing allowance be taken into account for my mortgage?

Where your employer pays you a housing allowance, this can be taken into account when you are applying for a mortgage.

For example, if you currently live in company provided accommodation and it is stipulated in your contract or salary certificate that you will be paid a housing allowance should you leave the provided accommodation, then the allowance you will be paid can be taken into account for your mortgage.

You will still be required to have the necessary down payment, but the allowance can contribute to your affordability and therefore can, in some cases, increase the amount you are able to borrow.


Our partners include some of the largest financial institutions in the UAE
  • Emirates NBD
  • Mashreq
  • Standard Chartered
  • Natwest
  • HSBC
  • Rakbank
  • Fab - First Abu Dhabi Bank
  • ADCB
  • Arab Bank
Need more help?
Call us now +971 4 248 2 333

Our team of brokers can help with all of your home loan and commercial finance needs

Not ready to buy yet? Stay on top of ever-changing interest rates to get the best deal on your mortgage