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mortgages
Posted: Sun 06 Oct 2013 6:20 pm
by timefore
does anyone have any information regarding the availability of mortgages in the TRNC and the requirements needed to obtain one
Re: mortgages
Posted: Mon 07 Oct 2013 6:06 am
by ozankoys
I believe you have to be a citizen & unless you work for the government have to provide at least one guarantor then you can get a mortgage up to 50%. Some developers offer their own payment terms if you are considering buying new.
Re: mortgages
Posted: Mon 07 Oct 2013 6:07 am
by ozankoys
Preferably individual Kocan (title deed) as well, they do not normally grant a mortgage on a shared title.
Re: mortgages
Posted: Mon 07 Oct 2013 6:21 am
by Deniz1
They also dont normally lend on exchange land. The maximum term is 10 years.