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Financing a property inTurkey
amberdow
Posts: 21 Forumite
Hi
Hope someone can help. My husband and I are considering purchasing a property in Turkey. We would need to borrow around £70,000. We have a mortgage on our home in the UK at the moment (the property is worth around £300,000) and we have a mortgage of around £7000 left on it. We would be able to pay that off with savings.
We thought to get a interest only mortgage as in a couple of years we will downsize to a smaller house and could pay off the loan with that.
Can anyone point us in the right direction.
Thanks
Hope someone can help. My husband and I are considering purchasing a property in Turkey. We would need to borrow around £70,000. We have a mortgage on our home in the UK at the moment (the property is worth around £300,000) and we have a mortgage of around £7000 left on it. We would be able to pay that off with savings.
We thought to get a interest only mortgage as in a couple of years we will downsize to a smaller house and could pay off the loan with that.
Can anyone point us in the right direction.
Thanks
0
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Why not consider downsizing now?0
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