Developer Solves Turkish Mortgage Issue with 20-year Interest-Free Payment Plan
With mortgages for foreigners buying in Turkey still both rare and awkward, the British developers of Horizon Sky, Bodrum, have taken matters into their own hands. Buyers can now take advantage of a 20-year non-status interest-free payment plan whic
Online, December 1, 2009 (Newswire.com) - With mortgages for foreigners buying in Turkey still both rare and awkward, the British developers of Horizon Sky, Bodrum, have taken matters into their own hands. Buyers can now take advantage of a 20-year non-status interest-free payment plan which could see you with the keys to a contemporary apartment for just £208 GBP per month. Turkish delight.
Daniel Dias for developer Signature International comments, "Despite gradual progress, mortgages are still very difficult to obtain in Turkey. Interest rates are high, terms restrictive, arrangement fees around 1.5% to 2% and some lenders even charge hundreds of pounds in upfront fees before they've approved your loan. This has left many buyers of Turkish property with no option but to take equity out of their main residence in the UK or risk losing their deposit. Our non-status interest-free payment plan immediately eliminates any worries the client may have over buying at Horizon Sky."
"As long as the buyer is able to pay a deposit then we'll offer our special payment plan," Daniel continues, "after that it's not too dissimilar from a mortgage. If they fail to keep up the monthly installments then the purchaser risks losing their property. Our quality product is a viable long-term investment so we're happy for the property to act as security - we have nothing to lose. As a developer we are solvent and stable and are not only willing to stand by Horizon Sky for the few years of construction but also for the long-term."
Horizon Sky has several payment plans on offer. The most popular is the 20-year interest-free plan which can be accessed after a £1,000 GBP reservation fee and a 35% deposit in staggered payments over the build period - around 18 months. Keys in hand, for the most affordable apartment of £76,800, monthly payments could be as little as £208 GBP. Other plans are available including a zero deposit zero interest five-year term with monthly payments of £1,500 GBP for an entry level home. Contact Horizon Sky for a payment plan to suit your needs.
Contact Horizon Sky direct on 00 44 7912 117174, email [email protected] or visit www.signatureinternational.co.uk
About Horizon Sky:
Some 35 minutes from Bodrum, on the sundrenched slopes of the Bay of Gulluk dipping into the Aegean Sea, Horizon Sky is an upscale community of apartments, penthouses and villas. The first resort in the area to feature an American-style Country Club House, Horizon Sky's amenities are endless. Skirting a private beach are a restaurant, sports bar and cafe, fitness suite, Spa facilities, mini golf, several tennis courts, grocery shop and no less than twelve swimming pools dotted throughout the community, including a heated indoor pool.
A jetty and private water-taxi are already in operation to deliver residents and guests across the Bay to Gulluk town whilst plans are going through the approval process for an 80-berth marina. This asset will further enhance the investment and rental potential of Horizon Sky. An on-site reception and concierge alongside a rental management office are also on hand to maximize occupancy throughout the year.
The homes themselves are nestled amongst extensive planting complemented by waterways, waterfalls and fountains and display clean contemporary lines and European-standard superior specifications. Granite worktops, white goods, wi-fi and air-conditioning come as standard whilst complete furnishing packages are available from as little as £7,995 gbp. All units have private gardens or terraces, many with refreshing plunge pools or Jacuzzis.
Offering a choice of one and two bedroom penthouses, two bedroom duplex apartments and three and four bedroom villas, prices at Horizon Sky start from £76,800 gbp with a choice of payment terms. Prospective purchasers can attend stay-on-site inspection visits managed directly by the developer.
Contact Horizon Sky direct on 00 44 7912 117174, email [email protected] or visit www.signatureinternational.co.uk
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for further press information or photography please contact Sarah Drane
on [email protected] or call 00 34 607 564 726
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Tags: mortgage, property, Turkey
