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BMI launches mortgage plans.

MANAMA: Bahrain-based BMI Bank yesterday unveiled its enhanced mortgage loan range designed to serve the needs of all retail customers with property finance needs.

The extended range comprises four new mortgage loan products, own residence, investment purpose, home equity release and first time buyers.

At the same time, BMI announced its new pre-approval process, committing to provide an answer on mortgage loan commitments and conditions within a maximum of 24 hours to customers who provide their CPR and evidence of income.

"I am delighted to unveil our new mortgage loan offerings," said chief executive officer Andrew Bainbridge.

"We are committed to delivering innovative products and services and our new range of mortgage loan products is part of that commitment.

"We believe that the range of mortgage products enables us to better meet the needs of customers.

"Our new pre-approval process also helps prospective customers to rapidly and clearly understand the mortgage loan amount they can obtain from BMI, enabling them to make more informed property choices, backed by the certainty of pre-approved support from BMI.

"I am particularly delighted that we are offering first time buyer mortgages for Bahrainis wanting to get onto the property ladder. We are committed to helping first time buyers to acquire their own homes through supportive and sustainable payment plans," he added.

The new range is designed for both Bahrainis and Expatriates who wish to seek housing finance for properties in the kingdom.

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Publication:Gulf Daily News (Manama, Bahrain)
Date:Jun 16, 2008
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