Under a new scheme of home finance giant, Tamweel, buyers can now receive advantages of 'on-the-spot finance approval', according to <i>Khaleej Times</i>.
The approval will afford final mortgage approval at time of buying property.
"With our deep understanding of market dynamics and more importantly our customer's needs, Tamweel continues to deliver first-to-market financing solutions that define the ultimate home-buying experience. Our lease to own product makes it simpler for customers to compare lease payments with annual rents instead of comparing mortgage profits rates," said Tamweel Chief Executive Officer, Adel Al Shirawi.