Author Topic: Which mortgage company in UK for Turkish property?  (Read 5599 times)

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Offline Scunner

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Which mortgage company in UK for Turkish property?
« Reply #10 on: July 10, 2011, 12:35:01 PM »
I think it might mysteriously disappear, just a feeling...



Offline misterno

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Which mortgage company in UK for Turkish property?
« Reply #11 on: July 10, 2011, 15:13:41 PM »
As you can see I am not familiar with UK baking system and laws. All I am doing is researching on the internet.

And well put, if it is not regulated by FSA, why should I trust, and if it was regulated by FSA then they would not lend money to a foreigner like myself.

So all these Brits buying property in Turkey, they are using all cash, is that a correct statement?

I will contact Busybee about her posting. I might take that route.
« Last Edit: July 10, 2011, 15:19:18 PM by misterno »

Offline cheers

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Which mortgage company in UK for Turkish property?
« Reply #12 on: July 10, 2011, 15:13:50 PM »
My daughter has just arranged a 90% mortgage with the Halifax, they are around if you look for them

Offline Scunner

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Which mortgage company in UK for Turkish property?
« Reply #13 on: July 10, 2011, 15:16:31 PM »
Yes but not to buy a property in a foreign country I am sure  :)

Offline Scunner

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Which mortgage company in UK for Turkish property?
« Reply #14 on: July 10, 2011, 15:19:56 PM »
quote:
Originally posted by misterno

So all these Brits buying property in Turkey, they are using all cash, is that a correct statement?


No. Most are not using cash, they are obtaining UK mortgages secured on their UK home, not secured on the property the intend buying in Turkey. A small percentage more recently also follow the route busybee mentions, borrowing from Turkey based banks.

Offline misterno

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Which mortgage company in UK for Turkish property?
« Reply #15 on: July 10, 2011, 15:22:39 PM »
quote:
Originally posted by busybee

My daughter has just obtained a Turkish mortgage thru BNP Bank(French), the mortgage is with TEB bank who I understand are affilliated with BNP. She had to put up 30% deposit of the valuation of the property.



Busybee

Would you mind telling me what the interest rate on that and the currency that the mortgage is based on? Also, which BNP Bank location did your daughter get the mortgage from? Turkey or England? I am not sure if BNP bank has a branch in Turkey or not so I wanted to be clear.

Offline misterno

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Which mortgage company in UK for Turkish property?
« Reply #16 on: July 10, 2011, 15:24:44 PM »
quote:
Originally posted by cheers

My daughter has just arranged a 90% mortgage with the Halifax, they are around if you look for them



Would you please clarify if this is for a property in UK or Turkey?

Thanks

Offline KKOB

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Which mortgage company in UK for Turkish property?
« Reply #17 on: July 10, 2011, 15:39:36 PM »
quote:
Originally posted by misterno
which BNP Bank location did your daughter get the mortgage from? Turkey or England? I am not sure if BNP bank has a branch in Turkey or not so I wanted to be clear.



quote:
Originally posted by busybee

My daughter has just obtained a Turkish mortgage thru BNP Bank(French), the mortgage is with TEB bank who I understand are affilliated with BNP.



It's clear enough, even for a SOG like me.  ;)
« Last Edit: July 10, 2011, 15:41:36 PM by KKOB »

Offline Scunner

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Which mortgage company in UK for Turkish property?
« Reply #18 on: July 10, 2011, 16:29:13 PM »
Yes this topic is going nowhere. misterno, please find another forum that deals with mortgage discussions. This is now locked due to being far too boring for words.




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