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The butler
Joined: 22/06/2007
Posts: 1958
Message Posted:
01/11/2008 18:00 | | Join or Login to Reply | Message 1 of 6 in Discussion |
| Hi all you TRNC Home owners, can anyone tell me if there is such a thing as credit default insurance in the TRNC and where we might make enquiries
for more information on this.
Can UKturk help or Elko?
The Butlers wife |
The butler
Joined: 22/06/2007
Posts: 1958
Message Posted:
01/11/2008 20:31 | | Join or Login to Reply | Message 2 of 6 in Discussion |
| If you take out a mortgage in the Uk, you can take out an insurance in case you are ill or out of work and can't make the payments. Can anybody advise if this type of insurance is available in TRNC? I need answer quick. Somebody must know on this board.
The Butlers wife |
no1doyen
Joined: 04/07/2008
Posts: 16617
Message Posted:
01/11/2008 20:43 | | Join or Login to Reply | Message 3 of 6 in Discussion |
| If you are refering to 'Income Protection' insurance then I don't think it is available in the trnc. |
glw215
Joined: 02/04/2008
Posts: 178
Message Posted:
01/11/2008 21:00 | | Join or Login to Reply | Message 4 of 6 in Discussion |
| I dont think a 'mortgage' (as we understand a mortgage to be in the UK) would be readily available in the TRNC. Therefore caan you clarify what kind of income/loan repayment you would wish to protect? |
The butler
Joined: 22/06/2007
Posts: 1958
Message Posted:
01/11/2008 23:24 | | Join or Login to Reply | Message 5 of 6 in Discussion |
| glw215
It is complicated and it is not me who has taken this loan. It is a bank loan where title deeds have been placed as security. If the person who took out the loan defaults, lots of people could lose their homes. If a credit default insurance were in place, they would have some protection. In the UK this would be easy to arrange but I wondered if it was available in the TRNC
The Butlers wife |
glw215
Joined: 02/04/2008
Posts: 178
Message Posted:
02/11/2008 08:50 | | Join or Login to Reply | Message 6 of 6 in Discussion |
| The insurance broker we use is called Ferdiye Ertepinar the phone number is 0090 533 868 07 14 she is an English speaker and should know about the availability of credit insurance. Hope this helps. |
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