Author Topic: what does this mean  (Read 2932 times)

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Offline BernieTeyze

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what does this mean
« on: August 11, 2013, 17:06:42 PM »
Looking at property it says suitable for bank credit..yes/no.

What does it mean and what are the implications please.



Offline Hamlet

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Re: what does this mean
« Reply #1 on: August 11, 2013, 17:10:39 PM »
I would read that to mean that the property is free of debt & it is suitable security for a mortgage, someone might correct me though. 8)

Offline Scunner

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what does this mean
« Reply #2 on: August 11, 2013, 17:28:03 PM »
Yep, banks won't lend on all properties (same as UK) and this is an indication of that. I wouldn't read too much into it though, I haven't seen many where the option is no.

Offline BernieTeyze

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Re: what does this mean
« Reply #3 on: August 11, 2013, 17:34:07 PM »
Ok,thanks. Trying to get my bearings and look on some turkish property pages...a few more turkish lessons me thinks..lol

Offline Scunner

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what does this mean
« Reply #4 on: August 11, 2013, 17:40:45 PM »
It's of little relevance to British buyers who generally have their finances in place. In a way it should be, but in respect of something you won't be thinking of when buying - selling. Turkish buyers are quite prolific in Fethiye these days and buying on a mortgage is the big new thing. You don't really want to be buying a property that is difficult for Turkish buyers to buy later down the line.

Offline BernieTeyze

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Re: what does this mean
« Reply #5 on: August 11, 2013, 18:17:55 PM »
No, and hopfefully cenk will sort that.

The other thing is, older properties..are they earthquake proof...I know thats not the right term but you get my gist. Was there some legislation about property having to have some sort of building regs or something like that? Or should I just be thinking its stayed up this long..
 :-\ ;D




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