Mortgages
We
get a lot of requests/inqueries from clients asking about the best way
to obtain finance for funding their property purchase in Turkey.
Turkish Mortgages
UK based Lenders/Banks we collaborate with currently offering standard
variable rate repayment mortgages in sterling (GBP) and EURO for
finished properties in Turkey. These mortgages are available for a maximum of 75% of the property's
valuation
with repayment terms up to
20
years. If you would
like
to find
more about the competitive rates or receive more information about
overseas mortgages feel free to contact us.
Please note that lenders and the banks we
collaborate with offer overseas mortgages extended to British residents
over the age of 18
the sole purpose of financing their purchase.
Quick Financial Facts
|
Rate
Range: |
5.90% to
6.85%, Fixed and variable rates |
|
Minimum
loan: |
£30,000 |
|
Maximum
loan: |
75% |
|
Term: |
20 years |
|
Maximum
age: |
80 years |
|
Minimum
age: |
18 years |
|
Currency: |
Euros or
Sterling |
Standard Variable Rate & Quick
Quote
|
Purchase Price(GBP) |
100,000 |
|
How much do you need to borrow? |
70,000 |
|
Term(years) |
10 |
|
Payment method |
repayment |
|
Your quick quote |
approximately £ 748.12 |
Frequently asked questions
Do I qualify for a mortgage in Turkey?
To qualify for a mortgage in Turkey, a calculation is used to establish
whether you can afford to maintain the mortgage repayments. You will
need to complete a pre-approval form, which can be emailed to you.
How much can I borrow?
The amount you can borrow is limited by your
affordability. As we have
access to a variety of lenders, the way this is calculated can vary from
lender to lender. If you would like us to calculate your maximum
borrowing based on your
affordability then please contact us to complete our form.
Completing this form will allow you to budget precisely for your
purchase in Turkey. In all cases the maximum you can borrow will be
limited to 75% if you want to borrow in Sterling, and 70% if you prefer
Euros.
What
evidence of income do I need?
If you
are employed:
Your last three month’s payslips
Your latest P60 or Employers Reference
Your last three month’s personal bank statements
If you are self-employed:
Your last two year’s audited accounts
Your personal tax returns for the last two years
Your last three month’s personal bank statements
Please
contact us if you require a
turkish mortgage. We can put you in touch with lenders/banks that can
help.
|