mortgages

General Forum

Moderators: PoshinDevon, Soner, Dragon

Post Reply
timefore
Kibkommer
Kibkommer
Posts: 178
Joined: Wed 04 Apr 2012 3:35 pm

mortgages

  • Quote
  •   Message 1 of 4 in Discussion

Post by timefore »

does anyone have any information regarding the availability of mortgages in the TRNC and the requirements needed to obtain one

ozankoys
Kibkommer
Kibkommer
Posts: 2109
Joined: Sun 19 Aug 2012 7:24 am

Re: mortgages

  • Quote
  •   Message 2 of 4 in Discussion

Post 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.

ozankoys
Kibkommer
Kibkommer
Posts: 2109
Joined: Sun 19 Aug 2012 7:24 am

Re: mortgages

  • Quote
  •   Message 3 of 4 in Discussion

Post by ozankoys »

Preferably individual Kocan (title deed) as well, they do not normally grant a mortgage on a shared title.

Deniz1
Kibkommer
Kibkommer
Posts: 5119
Joined: Sat 07 Apr 2012 11:22 am

Re: mortgages

  • Quote
  •   Message 4 of 4 in Discussion

Post by Deniz1 »

They also dont normally lend on exchange land. The maximum term is 10 years.

Post Reply

Return to “THE KIBKOM NORTH CYPRUS FORUM”