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Debt
to income Maximum net salary to spend to instalment for total loan
position 50%:
'Overseas
Mortgage' packages, offered by the London branch of Turkish banking
organisation IsBank, allow UK residents to borrow up to 75 per cent
of a forced sale property valuation. Repayment periods offered range
between one and 15 years.
The
facility is being offered at competitive standard variable rates for
overseas repayment mortgages in British pounds sterling. Mortgages
are specifically available to
UK
residents over the age 18 looking to buy completed properties in Turkey.
Kaan
Tokat, IsBank
London general manager, stated that the property market in
Turkey
is currently very beneficial for
UK
nationals and that there does not appear to be any sign of a
downturn.
'This
is because
Turkey
offers tremendous value for money and many other benefits - whether buying
an investment property or a second home,' he said.
A
recent study by currency specialist HiFX
reported a significant increase in enquiries from Britons looking
for property in
Turkey
.
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