Need 300k. Quickest and cheapest way to obtain :re-mortgage?

Dave_Ham

On a side point, from my experience of clients buying in Turkey they always want everything in 2 weeks.

You can hold them off a bit longer if you send them a bit more, the contracts etc. do obviously not work the same way as here.

kingstreet

Getting a mortgage offer for a 66% LTV remortgage in two weeks, should be fairly straightforward.

You certainly aren't going to get completion in that timescale.

FraudBuster

Scamsters are usually in a hurry.

Caveat Emptor.

Due Diligence.

maninthestreet

£300K for a property in Turkey? Whereabout in Turkey, and what are you getting for your money?

Conrad

£300k on an unencumbered property is a huge ask. Sure you can say it's for property improvments, but with this sum it's likely they will want a lot more than abuilders quotation.

Forget 2 weeks, it wont happen. The legal conveyance done by the remortgaging lender is not even started until after mortgage offer, which will be at least 2 weeks out. Completion will be at least 4 weeks, and in 99% of cases longer.

There was a story in the news recently where a chap transfered a big sum like this abroad, and the local bent lawyer nicked the lot.
Be VERY careful indeed.

I love Turkery btw - Kalcan is nice, Kas even better. As an investment it doesn't work usually as the rental season is short, but the costs year round, and the costs are always more than people expect when it comes to owning a villa. You will find yourself faced with endless oingoing costs - cleaning BBQ / replacing pool bulbs / broken windows, broken latches / cooker breakdown / burned saucepans / blocked drains / cracked pool tiles / alarm going off / pumps needing service / water supply impeded / towells , beds, indoor chairs and sun loungers ruined with sun cream, lost keys. It never ends.

The only touristic investment that works is one where rent is year round due to the property being on a significant 'centre parks with sun' - like the huge Saidia development in Morocco which is on a scale much greater than for example those Spannish golf resorts which do not have massive marinas, shopping centres, vast sports facilities or beaches on site (ie not enough to pull people year round).