quote:
Originally posted by Scunner
I am baffled as to why a Turkish man, living in the USA, wants to obtain a mortgage in the UK to buy a property in Turkey. My guess would be that he has some connection with the two companies mentioned - but that's me, a suspicious sort.
In Turkey, mortgage rates IF ANNUALIZED and with value added tax and other additional expenses comes up to %20 and they do not loan more than %50 of the value of the property.
But I can get a %5.5(annual) interest rate on a 20 year mortgage for %90 value of the property from UK. (unfortunately banks in US don't do this)
Also, mortgages for Turks based on non-Turkish Lira is against the law in Turkey.
And, I have no connection with those companies linked in the first posting, If it is against the forum rules, please let me know and I will delete it.
Am I clear now?
Here is my other question;
Do any of you obtainmortgage in UK to buy a property in Turkey. what were your terms? Interest rate, how many years, taxes, additional cost e.t.c.?