Wrong mortgage advice costing Turkey property buyers a fortune. 05/08/2010

There are many mortgage brokers in the market  providing Turkey mortgage advice. Especially for the last few months, it is possible to find many new  online company names  offering mortgages for Turkey Property buyers. Unfortunately, not all brokers do their  job properly. They don't inform clients for all cost and charges. That costs buyers a fortune for the long term mortgage contracts. 

Unfortunately, mortgages secured on a Turkish properties are not regulated by the FSA . Likewise, UK companies who are Financial Services Authority (FSA) regulated are not regulated to offer mortgage advice for non UK properties. Therefore, Turkey Property Mortgages advice is straight forward. You need to ensure that the broker is a legally registered organization.

 By law UK Company’s website must include all of the following:

• Full legal name of the organization or company
• If it's a company it must show it's full address, name, contact information
• UK registered companies must also show their registered office address as well.
• FSA regulated brokers in the UK are unregulated as far as mortgages outside the UK are concerned so be warned