Permission to Purchase Confusion

Texas


Joined: 22/09/2009
Posts: 634

Message Posted:
17/08/2010 10:15

The HBPG website was updated yesterday informing prospective buyers of the following which is an extract from http://www.hbpg-trnc.net/documents/purchaseper.html :



The Homebuyers’ Pressure Group were first informed at a meeting with the Undersecretary of the Interior Ministry on Wednesday 19th October 2005 that no one should enter into any Property Sales Contract or pay any deposits on properties until they have received their Permission to Purchase from the Interior Ministry. Both the Interior Minister, Özkan Murat and Undersecretary Ali Alnar have re-confirmed this to us in recent months. This is the law.



It goes on to say that individuals can apply for P2P themselves. In the third paragraph, you can click on the link in purple: "Application".



This then states how to apply.



My confusion is when you need to provide a copy of the "Sales Agreement"!



How can you get a this BEFORE obtaining P2P?



Am I missing something?

cronos


Joined: 26/10/2008
Posts: 2093

Message Posted:
17/08/2010 10:54

The TRNC govt have cynically used this as a get out clause whenever anyone has problems regarding the granting of PTP and subsequent issuing of title deeds.



This govt "advice" was always totally unworkable for foreigners when PTP applications were taking a minimum of 18 months ( but more realistically 3 years) to process.



No builder , developer or vendor would draw up a sales agreement and be prepared to wait years for payment whilst their buyer waited for PTP.

I don't blame them.....neither would I !



However,even though the TRNC govt now hides behind this "advice",and tells people that they willingly took a risk if they did not wait for their PTP BEFORE purchasing,the advocates,Interior Ministry and Land Registry still allowed and actively promoted sales to foreigners knowing full well that PTP could not have been granted already.



Can anyone on here say that their advocate advised them that they should get PTP first before proceeding with their purchase?



TRNC = Catch 2

honestie


Joined: 22/02/2009
Posts: 468

Message Posted:
17/08/2010 10:59

exactly and this is why there are so many threads on here re house purchase. by law you should have Permission to purchase first but as it can take some time to get that its the norm to buy or sign your contract and apply for permissions to purchase just hoping you get it.



however whilst waiting for the permissions to come through the kocan deeds are still in nhands of seller and its that time thats crucial as if there s anyn loans outstanding and court judgements awarded against builder or kocan holder then a memorandum will be placed on kocan holders assets and then you cant get your deeds/kocan anbd so it goes on. Ive probably confuse you but thatys only the begnning

Texas


Joined: 22/09/2009
Posts: 634

Message Posted:
17/08/2010 11:03

Some good points Cronos.



Another thought.



The Government insisted that we registered our contracts.



Well how come we were allowed to register our contracts and pay various taxes, when we and thousands of others, had not yet received P2P?



So, there you have it, the Government insists you apply for P2P BEFORE paying anything, then insists you need a Sales Agreement (and presumably get it registered) in order to APPLY for P2P!



Why not bring out a new Law that means you can only apply for P2P if your Estate Agent and Advocat state that you have not paid a penny? Anyone that has paid any monies will automatically be refused.



It's that stupid.

Sideways



Joined: 21/01/2009
Posts: 529

Message Posted:
17/08/2010 14:06

Even if a builder had the money to build your dream home and you didn't pay him a penny until you had P2P.



What would he do with it if you were refused?



It just doesn't work, there must be someone in a government department with some common sense?

wynyardman



Joined: 15/12/2007
Posts: 4580

Message Posted:
17/08/2010 14:36

Why dont The Government bring out a law...Lets call it The Estates Agents Law. When you pay stamp duty your property could be registered, which would then guarantee that no further encumberances, could be attached to the property. That would offer 100% protection to the buyers.



Then PTP could only be refused if a military installation security was compromised especially on Pre 74 title land.



Then a law where if buyers went to Court with their contracts, and a certified payment schedule, that proved that all obligations had been met, the court could order the builder to hand over the kochan.



Sounds simple to me! OOPs isnt that what The Estate Agents, Advocates and The Government told us we had!



ANYTHING LESS IS A SCAM.........A TANGLED WEB TO DECEIVE........FINANCIAL RAPE THIS TIME.



We have honoured our side of the contracts. (very British)



Dr Ergolu is this how you want your Country to be recognised Internationally.?



wynyardman

fiendishpaul


Joined: 18/05/2008
Posts: 1720

Message Posted:
17/08/2010 14:56

There is no confusion. It is a get out clause for the shower that pertain to be a 'government'. 50+ MP's to run a country the size of a small British county with a budget of well in excess of 1 billion dollars per year. Where does all this money go ????



Paul

Molly


Joined: 30/08/2008
Posts: 299

Message Posted:
17/08/2010 14:58

So, the answer is ...... do not buy until your PTP is granted!!



Naturally, this would stop foreigners from investing in the TRNC. As it is, many are leaving the island and, lo and behold, it's the lucky Cypriots who are picking up good property deals!! Perhaps that was always the intention.

girne 29


Joined: 06/12/2007
Posts: 1488

Message Posted:
17/08/2010 15:00

Wyn

'Why dont The Government bring out a law.------.



because the Govt is made up of people, and people have relatives and friends,Discounting the sex trade a bit of tourism and Casinos ,property is the only earner going with which a quick buck can be made.



It would be a brave man who took on the lawyers, builders ,developers and banks, he would be ostracised by most around him.



Outside influence from Turkey is the only hope.

wynyardman



Joined: 15/12/2007
Posts: 4580

Message Posted:
17/08/2010 15:01

Molly Msg 8,



Got it in one!



wyn

girne 29


Joined: 06/12/2007
Posts: 1488

Message Posted:
17/08/2010 15:29

Molly ,think you are right.



Why as reported in Cyprus Today, have seven or so banks in TRNC refused to lend on exchange land.



Why are people with pre 74 refused ptp.



Why no legislation to protect exchange land owners ,like making all land in North Cyprus TRNC title and doing away with Pre74 and exchange.Might it be that in future the TC with exchange title and all those pre 74 will not be affected ,so whats the problem.

Hector


Joined: 26/08/2008
Posts: 2352

Message Posted:
17/08/2010 16:47

Why is it OK for PTP to be refused because a property is near military land? Is it OK if that property is GC but not because it's pre 74 Turkish? Why is it OK to actually live in the property for years yet not be allowed the kocan?

Why is it OK for a TC to live and get the kocan to property near army land yet not foreigners?

Molly


Joined: 30/08/2008
Posts: 299

Message Posted:
18/08/2010 12:28

For two obvious reasons;



We are considered a high security risk!!!!!!

There is no logic in this quaint neck of the woods!

walkerscott


Joined: 13/08/2009
Posts: 901

Message Posted:
18/08/2010 17:35

It is all absurd and I think relics of the past!

To be able to rent a place next to a military defined area but not be allowed to purchase is illogical.

I am still able to take on government contracts and work with our NATO allies, Turkey, where top level security clearances are required but not be allowed to purchase property in NC which lies within a military zone ... Hmmm it is most certainly utter nonsense!

wynyardman



Joined: 15/12/2007
Posts: 4580

Message Posted:
18/08/2010 19:08

walkerscott.



Its a bloody TRNC rippoff.



Cronus has this Government banged to rights. If they want to make property purchasing safe and simple we have told them



time after time, how to do it. Dr Ergolu and his "team" have a second agenda, and it does not include The British, and their



life time savings. WATCH MY LIPS They have your lifetime savings. they want you out, and they have no intention of letting



you, take your cash with you!



Registration, PTP pre 74, memorandums. injunctions, the list is endless, but the intention is nothing short of depriving the Brits,



of their lifetime savings.



Cheap homes for TCs...........What a star!!! Talk about abuse of good faith.......Ali Baba and the 40 thieves!!



wynyardman

wynyardman



Joined: 15/12/2007
Posts: 4580

Message Posted:
18/08/2010 19:14

Question,



Why not go out tonight, and enjoy an evening of good company, and quality entertainment.



Ask Snakes.



They want you out, and you will take out much less than you invested. How many more petty rules are compromising the



lifestyle that you made for yourselves. They are tightening the noose!



wynyardman