Villa Property In Turkey - Properties Bodrum
Mortgages & Finance
If you can afford the low monthly repayments - you need wait no longer to buy your dream property in Turkey!
Mortgages have now been designed to give you the security of a typical European mortgagewith the adventure of buying in one of the hottest emerging property markets - mainland Turkey.
Armed with a mortgage, you will be able to buy a luxury apartment or villa whilst prices are still low, knowing how much you can afford in advance. This will save you time and frustration.
Istanbul Mortgages is the first dedicated Mortgage Company for Turkey and is based in London. The processing of your application will be done by a UK underwriting team, which is FSA regulated. The overseas mortgage is not FSA regulated - but the mortgage itself falls under European Banking Law, so you are fully protected.
An appraiser \ surveyor in Turkey will accurately value your intended property. We can also recommended attorneys and insurance providers to ensure that buying in Turkey is made easy for you. All this should give you peace of mind.
Istanbul Mortgages offer a range of mortgage products from Euro and Sterling mortgages to buy to let mortgages with loan amounts up to 80% and mortgage repayment terms up to 20 years. They also offer an off-plan property mortgage (see below)
Conti Financial Services Ltd is another such UK based mortgage company offering overseas mortgage products on various countries including Turkey. However Conti Financial Services Ltd currently only offer mortgages for completed properties in Turkey.
All these mortgage products have been designed to make it affordable for you to buy a holiday home in Turkey, or build a secure capital investment with rental income for your future and that of your children.
ARE YOU ELIGIBLE?
Can you answer YES to these questions?
- You are aged 25 or more, and will be no older than 75 at the time your mortgage expires.
- You are a citizen of Britain and Northern Ireland, Holland, Germany, Belgium – or a Turkish citizen with dual nationality, earning an income in one of the above countries.
- You can prove your income from tax returns and wage slips or company accounts.
- Self-employed should have 3 years’ accounts
OFF-PLAN MORTGAGES
There is no doubt that mortgages for off-plan properties provides the most profitable opportunities for the investor, as prices are often low when a project starts and can rise by as much as 30% + before completion.
As Title is not transferred until completion, the investor may never actually own the property providing it is sold prior to completion.
We know of many investors who buy into developments and make these kinds of returns in 8 months! Some investors buy multiple properties, sell before completion and then move to the next favourable off-plan project.
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