North Cyprus Mortgages

International Mortgages for North Cyprus Property & Land

North Cyprus mortgages are now available! Until recently it has not been possible for British citizens to obtain an international mortgage on property in northern Cyprus. JEPA Estates are now able to help arrange international mortgages in Northern Cyprus for new build / off-plan property, resale property or land purchase in conjunction with a consortium of four leading Turkish Banks. Here are the key terms and features of the mortgages.

	Mortgages available for Pre 1974 Turkish or Esdeger (exchange) Title land or property
	Full status mortgages available to UK citizens and Eire citizens
	Interest rate 8.25% UK citizens and 7.25% Eire citizens, variable
	Currency is Sterling for UK citizens and Euro for Eire citizens
	Up to 70% LTV mortgages available
	5 to 15 years terms available
	Minimum loan amount £26,000, maximum on application
	Minimum age of applicant 25 years and maximum 70 years on maturity of mortgage
	Capital & interest repayment method
	Arrangement, early settlement and lenders fees apply
	Available for new build, resale and land purchases
	Re-mortgages available for existing land / property

Click here to enquire about North Cyprus International Mortgages

Developer Mortgages in Northern Cyprus

Some developers have now started to offer long term fixed rate mortgages directly to clients, typically for 70% of the property value over a twenty year term fixed at 5%. These mortgages are approved on a self certified basis and are not tied to your UK collateral. The eligibility to borrow is subject to the applicant being twenty one years of age or over and being in possession of a valid passport and bank account,  not having a criminal record in Northern Cyprus, having not been charged with any money laundering offences in any European country.

North Cyprus Property Developer Mortgage Plan 

	Loans only secured on the property bought from developer, no additional security needed
	Fixed interest rates as little as 5%
	Currency is Sterling
	Up to 70% LTV mortgages available
	Up to 20 years terms available
	No minimum or maximum loan amounts
	Minimum age of applicant 18 years, no maximum age limit
	Capital & interest repayment method
	No restriction on number of purchases
	Arrangement, and lenders fees apply

Example Property with a Developer Mortgage 

East Coast Residence Apartments, Bogaz, Famagusta		£54,950
	New build three bedroom apartments in Bogaz, Famagusta Perfect investment property and holiday home in North Cyprus Lounge / diner / kitchen, three beds, 2 bathrooms, terraces Air-conditioned, double glazed, kitchen white goods package 14 swimming pools, tennis, mini market, gymnasium, supermarket 5% fixed rate mortgage over 20 years, 6% guaranteed rentals!

Payment Scheme Based on 3 Bedroom Apartment at £54,950

• Property purchase price £54,950.00
• 30% deposit of £54,950 is £16,485.00
• 5% mortgage arrangement fee is £2,747.50 (includes legal fees)
• Total Deposit is £19,232.50 (payable on contract date)
• Amount of loan is £38,465.00
• Term of Loan is 20 years
• Number of payments are 240
• Monthly payments after completion are £253.85 per calendar month
• Building Insurance premium is £30.00 per calendar month
• Total monthly payments are £285.85 per calendar month

Click here to enquire about North Cyprus Developer Mortgages

All information is quoted for illustration purposes only and does not constitute the offer of a loan or mortgage. Interest rates, terms and conditions may vary and are subject to change, E&OE.