Turkey News

Mortgages launched for Turkey

16 October 2006

Spurred on by a growing number of enquiries from people looking to buy property in Turkey, UK-based overseas mortgage specialist Conti Financial Services have developed two mortgage products for Turkish purchases.

“We’ve been monitoring the market in Turkey for some time now and we’re pleased to be able to offer buyers competitive mortgage deals secured on property there,” says Simon Conn, managing director of Conti Financial Services.

The new Euro and Sterling repayment mortgages have interest rates of 5.9% and 6.9% respectively, fixed for 1 year, with an additional 0.6% for buy-to-let properties. Loans have a maximum term of 20 years, with borrowing limited to 80% of the property’s value.