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MORTGAGE ADVICE

OVERSEAS MORTGAGES FOR TURKEY now Available for the 1st time.
BROAD OVERVIEW OF THE DETAILS AS FOLLOWS:

Repayment Mortgages Only.
Currently only available on the Turkish Riviera and Istanbul, including Bodrum, Mugla, Kusadasi, Datca, Didim, Antalya and Fethiye, other areas would be considered on a case by case basis to a maximum of 60 to 70 % loan to value.

Minimum Loan £27,000 (40,000 EUROS) / Maximum Loan £145,000 (200,000 EUROS)
Maximum Loan to Value 80% of the Property Value (see acceptable areas above)
Based on Affordability after financial commitments removed from net salary (max 2 joint)
Repayment terms from 5 to 20 years
Minimum age at application is 24 years with a maximum age of 75 years upon completion
Maximum number of applicants is 2 per property / mortgage

Updated Current rates as of 05/09/2006 are:
1 year Fixed rate in EURO= 5.90% or £ Sterling Rate 1 year Fixed= 6.90%
3 year Fixed rate in EURO= 6.30% or £ Sterling Rate 3 year Fixed= 7.30%
5 year Fixed rate in EURO= 6.60% or £ Sterling Rate 5 year Fixed= 7.60%
If the property is to be rented Add 0.50% to both of these rates.

All cases are taken on a case by case basis & are subject to satisfactory credit status & Valuation