Why do banks require a security cheque when getting a mortgage?

Security cheques are required by banks in the UAE as they are used in instances where the borrower fails to meet the repayments for the mortgage. Should this happen, the bank will present the cheque and when it bounces they will then be able to initiate a legal case to take possession of the property to repay the outstanding debt.

This is not very different to other countries where the bank will have it written into their contract that they can repossess the property where the client defaults on the mortgage.


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