title deed (kocan) how long does it take for non citizien in trnc

chucks


Joined: 07/03/2011
Posts: 18

Message Posted:
12/03/2011 02:40

hi all ,,my english friend wants to buy property in trnc , i dont know ! can someone tell us how long does it take before you have the deed in your hands and what the vat + charges are for none trnc people ,, all info will help thanks ps someone said it takes years is this true ?

pollymarples


Joined: 08/08/2010
Posts: 1778

Message Posted:
12/03/2011 06:32

How long is a piece of string. Seriously, a lot depends on where they buy, what type of title, how long it takes to get Permission to Purchase etc. I think your friend should go to HOME BUYERS PRESSURE GROUP page where Marion Stokes (who runs the HBPG) has put details of costs incurred when buying. Yes it can take years and if your don't get Permission to Purchase you are on a hiding to nothing.. No Kocan - No Money.



Your friend would do well to rent a furnished accommodation here for a minimum of six months before making any decisions. Also of course, you do not say whether it will be an investment or a home.



Very much a case of BUYER BEWARE and be aware here.

the butler


Joined: 22/06/2007
Posts: 1958

Message Posted:
12/03/2011 09:57

Hi,



As Pauline says it all depends on who you buy from and who is willing to sign over the title deeds once you have received your permission to purchase. We bought in April 2006 have had our ptp for well over 2 years but no sign of any title deeds yet. If you buy a resale with title deeds then I think your frien would stand a better chance of getting them than buying a new build. My advice is never buy off plan, it is just not worth the hassle and worry of whether it will ever get finished.





The butlers wife

martinD41


Joined: 06/09/2010
Posts: 3001

Message Posted:
12/03/2011 11:37

msg2..".Investment or a Home"



If you are refused PTP + Kocan......It's neither ...Just a waste of Money .....Be careful

walkerscott


Joined: 13/08/2009
Posts: 901

Message Posted:
12/03/2011 11:41

Chucks



Please ask your english friend to look up:

http://www.no-deeds-no-money.moonfruit.com

pollymarples


Joined: 08/08/2010
Posts: 1778

Message Posted:
12/03/2011 16:50

MartinD41 that is why I say No Kocan - No money.

blade


Joined: 19/06/2010
Posts: 1286

Message Posted:
12/03/2011 19:19

Don't bother with the homebuyers group. Just load of disgruntled buyers out to ruin everything for everyone because they were stupid and got conned.

Talk to those people who did it the right way!

chucks


Joined: 07/03/2011
Posts: 18

Message Posted:
12/03/2011 22:37

thanks everyone so no kocan no money - ptp first which what i understand , kocan can take years ? they want a home , should do it the right way ! definitliy , my suggest is rent first ,then take it as it comes .........

flowerfairy


Joined: 17/09/2008
Posts: 1277

Message Posted:
12/03/2011 22:47

Please correct me if I'm wrong, but to apply for your ptp, you must give the address that you are planning to buy.

It took my daughter and son in law just over 12 months to get theirs.

chucks


Joined: 07/03/2011
Posts: 18

Message Posted:
13/03/2011 04:33

no deeds no money thankyou walkerscot - very helpful info here -but i felt so sad for ,many of the people there who has lost their homes and those who are in risk .... gooosh i feel !!!!! gooodluck to all