Includes mortgage for residential turkish property that is completed. Please note that if the property is being built, the construction must be completed to %65 stage.
If you are foreigner citizen and considering purchasing a property in Turkey, turkish mortgages are available for residential purchases.
Low Yearly Fixed rates from 6.90% in Euros
Minimum Loan: €25,000; Maximum Loan: €200,000 for Euro loans, but must not exceed 75% of the valuation or purchase price - whichever is the lower. Affordability based on liabilities and not exceeding 45% net income.
Proof of Income: required in all cases (can be made up of Earned Income, Pension, Investment. Please note however, it is not always the case that the Lender will take all or part of these Incomes into account when determining the maximum loan available). Non-Status loans are currently not available.
For Euro mortgages - loans are available for UK, Ireland, Switzerland, Belgium, Dutch, German, Australia, Belgium, Sweden, Bulgaria, Cyprus, France, Greece, Hungary, Iceland, Israel, Italy, Latvia, Lithuania, Poland, Portugal, Romania, Slovakia, Spain nationals, who must be resident in their home country at the time of application for credit checking purposes
For Sterling mortgages - loans are available for UK and Irish based applicants who have the right to work and live in the UK.
Turkish Mortgage Terms:
Euro loans - Maximum 15 years for loans up to €100,000 OR maximum 20 years for loans over €100,001 - up to age 75 (minimum age of 24 on application)
Sterling loans - Maximum 15 years up to age 70 (minimum age of 18 on application)
Currency: Euros, Sterling, US Dollars and YTL only
Current Interest Rate: Euro scheme - from approx 6.90% fixed for 1 year. Fixed Rate loans over 3 and 5 years, also available.
Sterling scheme - from approx 7.75% Variable
Repayment Method - Capitol and Interest
If you would like more information about this mortgage deal, please contact us.
