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
- 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