Whiterocks Resort - Bafra, Northern Cyprus - Mortgages for Your Northern Cyprus Property

In conjunction with our partners we are pleased to confirm mortgages can be offered via Turkish Banks at up to 70% of loan value

Details of the package are detailed below:

TRNC MORTGAGE SERVICE

Loan purpose - Purchase for private individuals to finance property of Pre 1974 Turkish title or Eshdeger/exchange UK citizens and Eire Citizens. For other nationalities please enquire.
Interest rate - For UK Citizens 8.5% variable, for Eire Citizens 7.25% variable
Currency - Pounds Sterling for UK, euro for Eire
Maximum LTV - 70% LTV of valuation
Term - 5 to 15 years
Minimum loan amount - £26,000
Maximum loan amount - N/A
Minimum age - 25
Maximum age - 70 on maturity of the loan
Eligibility - UK or Irish nationals
Repayment method - Capital & interest
Building insurance - Mandatory
Arrangement fee - £395 Payable at time of application
Lenders processing fee - £250 Payable at time of application
Lenders fee - 1.5% of loan, added to mortgage
On offer fee - 1.5% of loan amount, payable at time of offer
Facility Fee - £150 Payable at time of application
Valuation fee - £200 Payable at time of application
Early repayment fee - 2% redemption
Pre-Offer (AIP) - Can apply for AIP up to 6 months before completion
Debt to income ratio - 50%

Documentation required
• Copy of Passport
• Copy of latest Utility Bill
• Copy of latest Bank Statement
• Copy of Title Deed of the property
• P60 & Payslips if employed; if self employed 3 years accounts;
if retired last two years pension
• Lawyer to confirm land type
• All Documents MUST be certified by a lawyer

See the availability section of this website for further details of your dream home or contact us on Freephone (UK): 0800 328 0126 or N Cyprus: +90 392 8155 272 alternatively you can register for updates to be kept informed of special offers and progress in the development.