New mortgage law excites British buyers
Monday, March 24, 2008
Spot blue Turkey property agents with offices in the UK, is the first company to offer mortgages in Turkey to UK citizens.
With the loan for Software consultant Steve Hardy recently, the curtain is parted and it shows new avenues for overseas buyers. Property experts are predicting Turkey could soon become Brits favourite spot for a holiday home. British tourists and investors are tempted by the turquoise coastline, great value property, a lower cost of living, a warm climate and the hospitality of the people.
The picture is looking rosy for overseas buyers, with a new mortgage law in Turkey opening the doors for British buyers to borrow money locally and Julian Walker from Spot Blue has said that they can arrange finance in Turkey as British buyers can already borrow from two Turkish banks right now
Walker cited examples that Stephen secured his £70,900 Turkish property with spot blue, which he paid a £2,000 refundable deposit and 30 per cent initial payment of £20,000 and Spot Blue arranged the remaining payment of 70 per cent through one of the Turkish banks. Steve Hardy's two-bedroom duplex apartment will be finished in December this year has said that initially he thought t that it would be hard to get mortgage in Turkey but praised Spot Blue as they made everything look easy.
Walker warns about 100 percent mortgage by some agents. The promised 100 per cent loan is load of waffles as they would be undervaluing the property after that.
Social BookmarkingWith the loan for Software consultant Steve Hardy recently, the curtain is parted and it shows new avenues for overseas buyers. Property experts are predicting Turkey could soon become Brits favourite spot for a holiday home. British tourists and investors are tempted by the turquoise coastline, great value property, a lower cost of living, a warm climate and the hospitality of the people.
The picture is looking rosy for overseas buyers, with a new mortgage law in Turkey opening the doors for British buyers to borrow money locally and Julian Walker from Spot Blue has said that they can arrange finance in Turkey as British buyers can already borrow from two Turkish banks right now
Walker cited examples that Stephen secured his £70,900 Turkish property with spot blue, which he paid a £2,000 refundable deposit and 30 per cent initial payment of £20,000 and Spot Blue arranged the remaining payment of 70 per cent through one of the Turkish banks. Steve Hardy's two-bedroom duplex apartment will be finished in December this year has said that initially he thought t that it would be hard to get mortgage in Turkey but praised Spot Blue as they made everything look easy.
Walker warns about 100 percent mortgage by some agents. The promised 100 per cent loan is load of waffles as they would be undervaluing the property after that.
Labels: Mortagage, Property-law
posted by EstatesNewz, 3:31 AM
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