dkc2008 Posted August 2, 2008 Share Posted August 2, 2008 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 Quote Link to comment Share on other sites More sharing options...
esmerelda Posted August 2, 2008 Share Posted August 2, 2008 Hi AllI 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 Quote Link to comment Share on other sites More sharing options...
mikes Posted March 10, 2009 Share Posted March 10, 2009 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 Quote Link to comment Share on other sites More sharing options...
forestfire Posted March 10, 2009 Share Posted March 10, 2009 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. Quote Link to comment Share on other sites More sharing options...
hilltop Posted March 10, 2009 Share Posted March 10, 2009 ANKARA!!! You have set this up. The weather is worse than here, nuff said. http://www.wunderground.com/cgi-bin/findwe...uSelect=WEATHER Quote Link to comment Share on other sites More sharing options...
esmerelda Posted March 10, 2009 Share Posted March 10, 2009 SPAM ALERTNice 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!!!! Quote Link to comment Share on other sites More sharing options...
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