|
Northern Cyprus, known also as T. R. N. C. (Turkish Republic of North Cyprus), is the last rare jewel of the Mediterranean.
Here one can find nature at its best, astounding beauty of mountain peaks, infinite bays and beaches and enjoy the colourful flora, greenery and relics, and the warm hospitality of local Island people.
It is safe to buy in North Cyprus provided the right title deed applies to the property. There are three types of freehold title in North Cyprus.
Pre 1974 Turkish (or foreign) Title. The safest and best, but almost impossible to find these days.
TRNC Esdeger (Exchange) Title. This means that the Turkish Cypriot owner has been given this land in exchange for the equivalent piece of land they owned in the South. This type of land is increasingly hard to find, especially close to the sea. TRNC TMD Title. This is where no exchange has taken place, and therefore there may be some compensation payable as part of some future political settlement to the Cyprus issue. Most developments are being built on TMD land.
Lenders will only lend on property Pre 1974 Turkish land.
|
|
|
Mortgages are available in the Turkish Republic of North Cyprus for non residents with title outlined above (Pre 1974 Turkish land).
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.
|
* Max age 65
* Max 65% LTV
* Min loan TBA
* Rates from approx 6.00%
|
|
* Maximum Term 5 years
* Currencies: US Dollars & Euros
* Repayment only
|
|
|
|
Apply Here (or see the list on the left): We use Conti Financial to help arrange your mortgage. Please complete their enquiry form and supply as much information as possible to help them to find you your ideal mortgage in Turkish Republic of North Cyprus or any other country.
Think carefully before securing other debts against your home. Your home or foreign property may be repossessed if you do not keep up repayments on your mortgage.
|