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Buying In NewsNew mortgage announced23 August 2007 Isbank London, the UK branch of Isbankasi, Turkey’s largest bank, has unveiled a new variable rate mortgage designed specifically for foreign buyers purchasing finished properties in Turkey. Mr Ozgur Altan, Research and Business Development Manager at Isbank London comments: “IsBank London is uniquely positioned to help the UK investor capitalise on the Turkish property market’s many advantages.” The mortgage allows a loan to value ratio of up to 75 per cent with repayment terms of up to 15 years. Applicants must be British residents over the age of 18. The current standard variable rate is 8%, though this is linked to the Bank of England base rate and may be subject to change. For re-mortgages the current interest rate is 8.5%. “When someone decides they want to buy a property or home in Turkey, they can take comfort in knowing that our new overseas mortgages make certain the process is very straightforward for UK residents,” says Altan. Call Tel: 0207 397 1409 for an application form. |
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