Will anywhere re-mortgage a property for a British person?

rosegardens


Joined: 21/02/2012
Posts: 6

Message Posted:
28/02/2012 20:56

I'm posting for a friend. Does anyone know of someone? She has been told by 1 person they will only do for Cypriots, but told by another that they thought somewhere would do for Brits.

philbailey


Joined: 17/01/2011
Posts: 3534

Message Posted:
28/02/2012 21:00

Some banks re-mortage properties







Problem is the owners do not know

dublinderm


Joined: 26/09/2009
Posts: 538

Message Posted:
28/02/2012 21:02

Good one Phil!



Pity its not really a joke.



DD

Erkin


Joined: 15/06/2011
Posts: 339

Message Posted:
28/02/2012 21:17

if the person on the title deeds has a resident and work permit, Iktisat bank will, but only if the person is working in the TRNC and can show an income.

birdman



Joined: 20/09/2010
Posts: 690

Message Posted:
28/02/2012 22:30

I'm sure that if you have a good enough Pension that Iktisat bank will also give a mortgage to Brits. Depending on the size of the mortgage of course and if your income will easily cover it.



Gerry

rowlo



Joined: 12/10/2008
Posts: 4796

Message Posted:
28/02/2012 22:38

if you bought with spare cash , why would you want to mortgage ?

philbailey


Joined: 17/01/2011
Posts: 3534

Message Posted:
28/02/2012 22:39

What would happen if your residency

was refused

would you lose the house ?

Hector


Joined: 26/08/2008
Posts: 2352

Message Posted:
28/02/2012 22:44

Your friend could go to a bank and ask.

birdman



Joined: 20/09/2010
Posts: 690

Message Posted:
29/02/2012 09:15

rowlo,

You might need a mortgage to extend, build a pool, buy some furniture, buy a car, the possibilities are boundless !!



Gerry