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Old 2nd November 2011, 22:13   #1 (permalink)
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Mortgage on Turkish property?

has anyone had experience of getting a mortgage on a Turkish property they already own? We are thinking of releasing equity from ours to buy property in the UK.
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Old 2nd November 2011, 22:16   #2 (permalink)
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Re: Mortgage on Turkish property?

I believe you may have some difficulty with this. Having discussed it with a couple of banks for clients; I was told that they only provided mortgages for new purchases.

Mortgages are of course fairly new to Turkey; and they may not yet have embraced the idea of equity release.

Then again, someone may know a way for you to do this.

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Old 3rd November 2011, 20:44   #3 (permalink)
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Re: Mortgage on Turkish property?

Thanks Steve, I had heard of a bank in the Nederlands that are supposedly mortgaging Turkish properties, as yet I haven't enquired of them but I think I'll give them a try.
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