Advice on Mortgages for North Cyprus Properties
There is currently no financial institution in TRNC that provides foreigners with the opportunity of raising a mortgage in accordance with North Cyprus property procedures. To offset this we market a number of projects that provide developer finance, but many customers choose use personal savings or to raise capital on their assets in the UK or other country of residence.
As the political situation eases and reunification comes closer, it is expected that mortgage services for foreigners will come into effect in North Cyprus; once the restrictions on the TRNC are removed, investment in properties in north cyprus should receive more substantial state interest.
Until then we advise that you get a mortgage agreed as early as possible as this will speed up your application.
Phone: 90 392 816 0814
Fax: 90 392 816 0814