Mr Smith is the proud owner of a villa in Turkey. He bought the villa 2 years previously for £85,000. He paid a 30% deposit, and obtained a Turkish mortgage for the remaining  70%. At the time, he was only able to get a high interest Turkish mortgage product due to the limited availability of mortgages in Turkey...

Mr Smith wanted to know if he could remortgage his property in Turkey with a better interest rate in order to reduce his monthly payments and to save money over the mortgage term. He came across Turkey Property Mortgages’ website and decided to contact them for advice on Turkey remortgages.  The TPM advisor looked into Mr Smith’s circumstances, and provided details of remortgage options on offer from the mortgage lenders in Turkey, along with the details of all costs and fees involved.

Mr Smith used the services provided by Turkey Property Mortgages to remortgage his Turkish house with a flexible term mortgage without an early redemption charge.  He did not have to travel to Turkey, and Turkey Property Mortgages handled all the arrangements on behalf of Mr Smith, dealing with the lender and the legal advisor with no extra charge to Mr Smith.

He now pays £200 less every month with a potential saving of over £40K on the remainder of the mortgage term.