Can I raise some capital?

No1Doyen


Joined: 04/07/2008
Posts: 16617

Message Posted:
04/11/2009 12:07

Are there any Banks in Cyprus or Turkey that will let me raise capital on my trnc home?

sporty


Joined: 06/12/2007
Posts: 685

Message Posted:
04/11/2009 12:11

now thats an interesting question,i'd be keen to know the comments that follow,i'm toying with a purchase in florida at the moment,good time to buy and hold over there at the moment,i've tied up some play money on my property in NC so i'd be keen to know if this is possible.

sporty


Joined: 06/12/2007
Posts: 685

Message Posted:
04/11/2009 12:14

no dont delete it,its a valid question!

DutchCrusader



Joined: 19/05/2008
Posts: 11281

Message Posted:
04/11/2009 12:40

Sporty, I meant my post # 3. I saw no other way to ask Bill for an urgent reply to my mail. But I admit my post is out of order and probably against several rules. My humble apologies.

No1Doyen


Joined: 04/07/2008
Posts: 16617

Message Posted:
04/11/2009 12:54

Bqck to the top..........

sporty


Joined: 06/12/2007
Posts: 685

Message Posted:
04/11/2009 13:12

no worries Hans,no need to apologise my friend.

No1Doyen


Joined: 04/07/2008
Posts: 16617

Message Posted:
04/11/2009 15:04

Does anyone know?

ROBnJO


Joined: 30/06/2008
Posts: 1289

Message Posted:
04/11/2009 15:05

Bill



I would imagine that with Rates being higher in TR/TRNC than UK, even if they would, they would charge you a very high rate!

jay76


Joined: 17/07/2008
Posts: 532

Message Posted:
04/11/2009 15:21

The way i look at it if the trnc say that property is safe then loans etc should be an option ie remortgage, loan against property and so on, whats the problem if it so safe there is money to be made.

joandjelly


Joined: 24/02/2008
Posts: 2953

Message Posted:
04/11/2009 15:59

I would imagine it would need to be Turkish/Foreign title with kocan in your name.

tonyhickey



Joined: 13/06/2007
Posts: 413

Message Posted:
04/11/2009 16:12

The builders seem to have no trouble getting loans ?

exnavalperson


Joined: 22/07/2009
Posts: 224

Message Posted:
04/11/2009 16:13

Yes. the Koop bank!

No1Doyen


Joined: 04/07/2008
Posts: 16617

Message Posted:
04/11/2009 16:21

Rob. I don't mind paying a high rate of interest.

Brinsley


Joined: 04/04/2009
Posts: 6858

Message Posted:
04/11/2009 16:25

Bill



If things are tight for you at the moment, I'll give you a quid if that helps!



Richard

griffin9870


Joined: 01/03/2009
Posts: 92

Message Posted:
04/11/2009 16:58

I beleive that you can raise money against your proporty with the koop bank, but certain conditions must be met and the max time is 5 years. The property must be mortgage free and the kochan must be in your name. There is also the problem of being a citizen as well. Hope this is helpful.

ROBnJO


Joined: 30/06/2008
Posts: 1289

Message Posted:
04/11/2009 16:59

Bill



Go on, go for it. It could interest a lot of people.



Try phoning a few of the Banks that regularly post on here offering their English speaking services.



Or try a UK HSBC, tell them their nearest branch is Girne and you'ld be happy for them to do a valuation??

catalkoykid


Joined: 15/02/2009
Posts: 1190

Message Posted:
04/11/2009 17:08

I think you will find you need a kimlik card to get finance on a property, or a work permit to prove you can pay i think

kavenkoy


Joined: 10/04/2008
Posts: 1787

Message Posted:
04/11/2009 17:13

you surely wouldnt need to proove you could pay if it was a secured loan and moderate amount .?





kav

No1Doyen


Joined: 04/07/2008
Posts: 16617

Message Posted:
04/11/2009 17:20

I'm going to make some enquiries.

sporty


Joined: 06/12/2007
Posts: 685

Message Posted:
04/11/2009 17:35

if the orams case goes the wrong way you could always get as much as you can out of the bank on your property,then leave the bank holding the baby!

smithy


Joined: 17/07/2008
Posts: 5301

Message Posted:
04/11/2009 17:37

If you have any over I could do with a hand out )

No1Doyen


Joined: 04/07/2008
Posts: 16617

Message Posted:
04/11/2009 17:47

sporty. I wouldn't do a thing like that! )

sporty


Joined: 06/12/2007
Posts: 685

Message Posted:
04/11/2009 18:01

i have a plan b my friend!!

No1Doyen


Joined: 04/07/2008
Posts: 16617

Message Posted:
04/11/2009 20:21

Sporty. I'm all ears!

sporty


Joined: 06/12/2007
Posts: 685

Message Posted:
05/11/2009 02:15

sorry no1,i'm not going to discuss this on an open forum,i'm sure the orams will pull through next week,if they dont then theres a lot of people that will need to do a bit of creative thinking,we'll see what happens next week first.