NEW Self-Build Off-Plan Mortgages

Relatively low construction costs in Turkey make it possible to own a top end luxury home for a fraction of the acquisition cost elsewhere. Understanding the attractions of this segment, the Turkish Mortgage Centre are very pleased to introduce the first off-plan self-build mortgage. The product enables a lifestyle investor to use 20 year mortgage finance for the land purchase and construction of a dream home, over a one or two year build cycle. "Turkish mortgage legislation is very specific, so we are very pleased to have succeeded with the bundling of services and development of this product, enabling lifestyle investors to finance a £1-2 million home for a build cost of a couple hundred thousand pounds - the sale value of a semi in the UK - an obviously enticing investment proposition.".