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Mortgages and Loans

Helpful Info

Every month we arrange to take a few people (usually 1, 2 or 3 couples) on regular trips to Turkey ... More

Turkey is now more popular with property investors than ever before. On average, Turkish property prices rose between 18 and 30% in 2003, while the country surpassed France as the main purchasing country for the British. ... More

Because buying a property can be a daunting prospect especially in another country, please read the following F.A.Q...More

E-Villas For Sale Turkey works entirely on your behalf, we help our clients find freehold properties in Turkey...More

For better exchange rates and the ability to fix your rate in advance of your purchase, speak to Travelex....More

Buying your Home!

If you require finance to purchase an Overseas Residential property, then Conti Financial Services (who were established in 1994), have many years experience in arranging this type of mortgage facility. Commercial loans also considered on a case-by-case basis.

Conti Financial Services are UK based Licenced Credit Brokers (Consumer Credit Licence Number 525439) and are registered for any applicable UK Mortgages by the Mortgage Compliance Board - Number 5659598.

  • Fully Independent with more lenders and more choice
  • Can pre-qualify an application before you find a property
  • Competitive lending terms
  • Can save you time and costs (ie: phone, fax and postage) in both exploring and finding a possible lender
  • In house processing & underwriting - which saves time with receiving a final offer, especially as we are normally aware of what documentation the lender requires, their lending criteria and how to present the application

Includes Turkish Residential Property in Mainland Turkey.

Loans available for the majority of Nationalities for either House Purchase or re-financing for Home Improvement purposes only.

Type of Loan: Repayment, Endowment, Interest only Mortgages

Minimum: €30,000 loan amount and/or Purchase Price/Valuation of €75,000. No Maximum, but must not exceed 80% of valuation or purchase price (whichever is the lower) Please note, even more competitive schemes now available for 70% loans with a minimum of €30,000

Proof of Income: required in all cases (can be made up of Earned Income, Pension, Investment or Rental Income. Please note however, it is not always the case that the Lender will take all or part of these Incomes into account when determining the maximum loan available). Non-Status loans are currently not available.

Term: 5 to 30 years up to age 70

Currency: Euros and other Major Currencies

Current Variable Interest Rate: from approx 1.50% above LIBOR on a Variable Rate basis in Sterling, OR lower Fixed/Variable Rates in Euros - ie: from approx 2.75% Variable for 70% loans. PLEASE CHECK BOTH THE LENDERS SETTING-UP COSTS AND EARLY REDEMPTION PENALTIES, AS THESE CAN VARY - DETAILS ON REQUEST.

Example for Euro Loans: Repayment mortgage of approx €72,500 over a period of 20 years at an interest rate of approx. 2.75% = approx €397.30 capital and interest per month = a total approximate amount payable over the term of €98,252 including capital, interest, arrangement and survey fees.

 

Loans in other countries are available - written details on request.
If required re-mortgages / second mortgages for this purpose can also be secured on your U.K. property.
Capital raising may be available on the overseas property in certain areas for home improvements etc.

Other features of this service include;
Some "Exclusive Mortgages Arrangements" and Competitive Lending Terms.
An option for you to arrange the mortgage protection policy (if required).
Competitive Administration and Arrangement Fees.
Personal advice to you directly on the the practical and legal aspects of purchasing a property overseas.
Commercial Loans also available on a case by case basic and subject to receipt of a full Feasibility Report and Business Plan.

For further information please fill in our

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