[dkc2008]

Hi All

I am trying to buy small a property in Ankara, Turkey, later this year. The property price will be around 30K GBP and i have already saved 15k of this.

I tried to get a standard personal loan for £15k from my bank, and they rejected this, as i (perhaps stupidly) said it was for a property purchase abroad. This was against the underwriters 'rules' and therefore the loan was rejected.

Now im at a loss of what to do next, any advice would really help! should i:

- try to get a mortgage for this property? ( does anyone have any experience with this? / recommendations of mortgage lenders? / or any tips?)
- try to get another loan, saying it is for 'home improvements'? ( will they be able to check the reason for my last application on my credit file??)

If anyone has any tips / advice / useful contacts ...it would be much appreciated!

Thanks!

dk

[esmerelda]

dkc2008, on Aug 2 2008, 04:02 PM, said:

Hi All

I am trying to buy small a property in Ankara, Turkey, later this year. The property price will be around 30K GBP and i have already saved 15k of this.

I tried to get a standard personal loan for £15k from my bank, and they rejected this, as i (perhaps stupidly) said it was for a property purchase abroad. This was against the underwriters 'rules' and therefore the loan was rejected.

Now im at a loss of what to do next, any advice would really help! should i:

- try to get a mortgage for this property? ( does anyone have any experience with this? / recommendations of mortgage lenders? / or any tips?)
- try to get another loan, saying it is for 'home improvements'? ( will they be able to check the reason for my last application on my credit file??)

If anyone has any tips / advice / useful contacts ...it would be much appreciated!

Thanks!

Hello, you do not say of you hava property here in the UK. Uf you do, & have you sufficient equirty in the house, then easiest way to finance is to remortgage your property - however you need to be careful that you do not go over 90% - indeed in these times try to keep it to 80% LTV - otherwise you will be hit with higher rates.

I do not know anyone who lends on Turkish property that are based in the UK but maybe other posters on this forum know of someone?

Alternativey if you do not have a property you can take a Turkish mortgage out. BUT I believe they will only loan up to 80% & you will have to provide proof of earnings. I have also heard that they can take a long time to process...please go to the singing pig forum where I believe there is a thread on this that could help you.
Hope this helps


dk

[mikes]

We can help you get a mortgage for buying in Turkey at great interest rates.

Any question

Property In Turkey, Mortgage, Cumberland Properties Contact Details


Have nice day.
Mike

[forestfire]

SPAM alert

Nice set up guys -two newbies, one posting a question, the next a "helpful" response.

What a load of spam.
Buying in Turkey would be a disaster at the moment -steer well clear.

[hilltop]

ANKARA!!! You have set this up. The weather is worse than here, nuff said.

http://www.wundergro...uSelect=WEATHER

[esmerelda]

forestfire, on Mar 10 2009, 05:13 PM, said:

SPAM alert

Nice set up guys -two newbies, one posting a question, the next a "helpful" response.

What a load of spam.
Buying in Turkey would be a disaster at the moment -steer well clear.

woah no...i am not a spammer & that's my reply up there to the original enquiry - check out the date - the original query was last year...... now as to the response offering mortgages today...altogether now...spam spam spam!!!!