New schemes to help overseas investors get on the property ladder in Istanbul

Thursday, July 21, 2011

New schemes to help overseas investors get on the property ladder in Istanbul

Rising interest rates and lower levels of mortgage lending has meant that overseas property owners have struggled to get a foot on the Istanbul property ladder.

However, istanbulmortages.com has launched a couple of new services which will enable those wanting to buy property to do so.

The first is an investment scheme which would allow an investor to buy an off-plan luxury apartment in Istanbul, and get all their money back whilst still retaining Ffreehold title.

The second is a 90% mortgage which the company can offer as a result of being a European company, allowing them more flexibility than Turkish banks who can only offer a 50-75% mortgage.

Mortgage expert John Mitchell welcomed the two schemes, saying: “It is always important to innovate and create products to enhance the investors' profitability and security. ”


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A Place In The Sun