HSBC Comes to Altinkum - and brings Mortgages for Altinkum Property Buyers

As if prices of property in Altinkum weren't reasonable enough, now there is an extra reason for taking the plunge. Until this year it was impossible to get a mortgage for a property in Turkey, no matter whether the property buyer was Turkish or otherwise.

But now HSBC, among other banks, is offering a straightforward mortgage system for foreigners and Turkish property buyers alike.

HSBC's service is designed for completed, not off-plan, properties and allows buyers to borrow up to 75% of the property value over a 30 year term (for YTL transactions) or 50% over a 10 year term (for USD / EUR transactions). It even guarantees no penalties for early repayment, a subject originally of much concern.

Check out the details on HSBC Turkey's great English-language website. I'm so impressed I think I'm about to change banks myself!

And as for personal service - well HSBC opened up a new branch on Ataturk Bulvari, Altinkum's main road, just about a month ago!