There are a number of ways to finance your property purchase:-

1. Cash

This is a very cost efficient way.   With savings rates currently at very low levels putting your money into an appreciating asset could be very beneficial.  The larger the deposit you make on an off-plan property discounts of up to 15% are not unusual.

2. Equity Release on your UK property

Under current circumstances with UK interest rates at such low levels this method may be very attractive.

The concept of an “offset mortgage” may also be something to be considered.  We have an Independent Financial Advisor who will be able to advise you on this method.

An example of how this might work is as follows:-

	£
Your house in the UK is valued at	250,000
Against this property you currently have a mortgage of	75,000
The mortgage provider will set up a facility of 70% of the value of your property	175,000
You will therefore be able to release	100,000
Over 15 years the additional monthly repayment will be circ	600

You will then be able to pay down this additional mortgage  earlier if you wish.

3. A Turkish Mortgage

These are relatively new to the Turkish housing market. The general terms are as follows:-

• Loan to value up to 75%
• Term of Loan up to 20 years
• Interest rates from 4.05%
• Offers are subject to a full financial assessment on application

If you would like more information on financing your property then please contact us by using the details below or our Contact Form.