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Finance for buying a property in Turkey |
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Now you can take out a Mortgage for property in Turkey. This is based on 80% of the valuation of a mainland property in Turkey in isolation of your own property in the Uk.
This is subject to the lenders valuation and satisfactory income.The security of the loan is solely against the equity of the property in Turkey.The interest rates are extremely competitive due to the loan being effected in Euros.as they have issued new terms and will accept 80% of the equity of the property purchased in mainland Turkey as security. Max term 15years, Loans in Euros At 2.5% above ECB base, which makes for a very competitive interest rate. |
