Remortgage in Turkey***

If you are looking for a Remortgage in Turkey then we can put you in contact with the UK's leading overseas Remortgage specialist, who can help you find the finance for your property abroad, and make the process as safe and as hassle-free as possible. Our Specialist partners work closely with overseas lenders and property professionals helping you to find the right Remortgage in Turkey for you to buy your property, or Remortgage it onto lower rates - whether this is for your own personal use or for investment purposes. Choose a reputable company to help you with your Remortgage In Turkey

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UK (or non-UK) applicants for Remortgages to buy Turkish residential property are able to borrow 80 per cent of the valuation or the purchase price (whichever is the lower.) This figure currently applies to Istanbul and the Turkish Riviera only, and is for purchases and re-Remortgages for home improvement in Euros and Sterling only. At this stage, Remortgages for the rest of Turkey, and for other purposes, are being dealt with as they arise and on a case-by-case basis.

Now may be a good time to Remortgage existing property in Turkey and reduce your Remortgage costs. Or perhaps you are looking for a Remortgage in Turkey to buy in Turkeyin which case we can help point you to the best companies positioned to not only find the best Remortgage deal we can only point you towards reputable property companies.

Important 'Changes in the exchange rate may increase the sterling equivalent of your debt'

*** The products and services promoted here are not part of the Openwork offering and are offered as third party Introductions. Openwork Limited accept no responsibility for this aspect of our business. These products and services are not regulated by the Financial Services Authority.

Why buy property in Turkey?

• High returns on investment for property in Turkey.
  
  
• Great rental potential.  Turkey was named in the top ten countries where holiday homes are most in demand.  The survey by holidaylettings.co.uk placed Turkey seventh in a list of 112 countries (Feb 08).
  
  
• Relatively low cost of living compared to other European countries.
  
  
• Fantastic weather – an average of 300 days of sunshine a year in the Antalya region.
  
  
• Great hospitality, stunning beaches, fascinating historic sites and championship golf courses to name but a  few reasons to invest in property in Turkey!

 

Remortgage property in Turkey to release equity

You may already own a property and simply want to Remortgage to release equity from it, perhaps to purchase another property or for some other reason, We can help you find a great Remortgage deal to help release some of the capital or equity tied up in your property. With Remortgage rates being so low at the moment now may be a good time to Remortgage your property. Take advantage of the low Interest rates to Remortgage in Turkey before rates increase, us your Remortgage in Turkey to reduce your Remortgage payments, you could even swap to an interest only Remortgage in Turkey to reduce your Remortgage payments even further. Turkey Remortgages are available through our extended overseas arrangements with specialist banks and Remortgage and Remortgage lenders.

 

Remortgage in Turkey

If you are serious about buying a property in Turkey then you should start arranging your Turkish Remortgage almost before you do anything else. Leaving the financial side of your Turkish property purchase until the end does you no favours whatsoever. If you leave it too late, and have to arrange your Turkish Remortgage in a rush and under pressure, it is likely that you may get an expensive and inflexible Turkish Remortgage.

There are both advantages and disadvantages to arranging a Remortgage in Turkey instead of the U.K.

 

Remortgage in Turkey - Requirements

Be prepared to show documentation that you have the financial ability to meet the Remortgage payments each month. , bring the last three months wage slips and six months of personal bank statements. For those who are self employed, a little more documentation is needed to be considered for a Remortgage. Bring the last three years business accounts with an auditor's stamp and the last year of business bank statements. In addition to this, you will also need to provide the last six months of personal bank statement information.

 

Turkish Remortgage

The advantages of arranging your Turkish Remortgage at the start of your property search are as follows:

• It costs you nothing to start arranging your Remortgage early.
• Forward planning helps you clarify the advantages and disadvantages of taking out a Remortgage in Turkey and make the best decision as to how much, if at all, to borrow on your Turkish Remortgage.
• Arranging your Turkish Remortgage in Turkey good time allows you to find the Remortgage in Turkey that best suits your requirements and avoid overpaying.
• By taking steps to arrange your Turkish Remortgage at the start you will have a better idea of how much you can spend on your Turkish property and can work out the likely future financial implications of your Remortgage in Turkey / your purchase.
• Having your Turkish Remortgage in Turkey / place reduces the risks of you losing a Turkish property that it has cost you so much to find, and means one less source of anxiety and pressure when you are trying to close on a Turkish property.

We are passionate about our customers being treated fairly and correctly and our aim is always to achieve the highest level of customer satisfaction. We genuinely believe that owning a property in Turkey is a dream well worth pursuing - let us help you

Countries where Remortgages are currently available

Countries	Loan to Value (LTV)
Portugal	Max 70%
France*	Max 70%
Spain	Max 60%
Italy	Max 70%
Turkey	Max 70%
Canada	Max 65%
Ireland**, Monaco, USA	Max 70%

* Possibly up to 85%, if the client has an existing Remortgage in place and dependent on the use of any additional funds.

** Remortgages are possibly available between 70% to 80%

All schemes are subject to current personal financial status and a satisfactory valuation of the property.

Remortgages on overseas properties can be used for:

Additional Options

By using one or more overseas property (plus possibly an existing UK property) 100% + Remortgages may be available for any new property.

In some countries 80% of the rental income from an existing contract could be taken into account.

Loans with higher LTVs may be available for home improvements to the existing property.

 

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