Mortgages with lower rates and longer maturities will be offered to middle income Turks looking to buy new housing, Turkish Finance Minister Nureddin Nebati said on Wednesday. Nebati told a news conference the mortgage loans with amount up to 5 million lira ($266,823), will have up to 15 years maturity and rates will start from 0.69%. "We prepared 'my new home program' for middle income citizens with advantegous rates, three-year finance ministry support in payments and a household income-based payment plan," Nebati said. The loans with favourable rates will be extended to new housing, before, during or after construction, Nebati also said. Contractors that promise
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