MORTGAGE IN TURKEY FOR FOREIGNERS
Mortgage is now in place for foreign investors who needs finance to buy property in Turkey. Up to 75% loan to value mortgages are available from variety of reputable banks in Turkey. As Turkey has not been affected by global crisis badly, the banks are still offering loans without any hassle.
HOW TO APPLY ?
Once pre-approval has been granted, we will make the required arrangements on behalf of the lender to proceed for signing process.
- Passport Copies
- Proof of income
- Self employed – 2 years accounts and tax returns
- Employed – 3 months payslips and latest P60
- Last 3 months personal bank statements
- Current loan or outstanding credit statements
- Latest Mortgage statement (home loan)
- Business accounts and last 6 months business bank statements, if self employed
- Credit report. If you have adverse credit, please still contact us – we can still assist you.
CAN I GET A MORTGAGE IN TURKEY?
Who can get a mortgage in Turkey?
Almost any nationality can now apply – not just UK and Dutch residents.
How much finance can I borrow from the banks?
Minimum amount : 30.000 Euro
Maximum amount : Up to 75% of the purchase price. 100% finance can be achieved if the property is owned at a significant discount
What sort of mortgage is currently available and what are the terms?
Repayment is up to maximum of 20 years - up to age 75.
What proof of income do I need to claim?
It can be made up of Earned Income, Pension, Investment or Rental Income.
What are the current interest rates available?
6.40% fixed for two year in Euros. Sterling rates start from 7.90% fixed for one year. Longer term fixed rates and tracker rates are also available as alternative options. Please inquiry us to find you the last updated suitable terms and interest rates.
Do I need Insurance on the property?
Yes, it has to be insured through the bank you will use mortgage from.
What currency can I use mortgage?
Japanese Yen, Swiss Francs, Euros, Sterling or US Dollars are available. We advise Euro mortgage.
