MORTGAGES NOW AVAILABLE IN TURKEY!

Please note the information below was correct at the time of printing  and is intended only as a guide. We do not accept any liabilty for any information being incorrect. Anyone interested in obtaining a motgage via us will be taken to the Bank /  Lender , who will arrange the mortgage for them.

Basic Lending Terms for ALL products as follows:

- Loan to Value: up to 50% (of valuation)

- Interest rate: (Euro) 5.88% pa  Lira 1.39%  Sterling: Rates Pending

- Term: 5 to 20 years  ( up to 10 years authorised by local bank)

- Minimum Loan: N/A

- Maximum Loan: N/A

- Interest Type: Fixed

- Age of applicant: 25 to 70 years of age

- Maximum age at loan maturity: 70 years of age

- Early Repayment penalty: Approx 2.%

- Requirements: - DASK (natural disaster Insurance) - arranged by Lender.

- Property Insurance - arranged by Lender

COSTS:

 - 1.5% lender commission fee (max)

- Transaction fee (fixed) 1,000ytl    

- Valuation Fee (expert) 350ytl (arranged by Lender)

- DASK insurance & Property Insurance (arranged by Lender)

Advantages of ALL mortgage products:

- Self employed & retirees accepted

- No geographical restrictions within mainland Turkey

- Full rental income is taken into account when banks assesses affordability for client

- Fees can be added to borrowings, without affecting the amount that can be borrowed by client.

- A completed property is defined as 70% - 75% from completion

- No requirement to become a Turkish resident