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.
If you prefer to contact UK based Turkish/British mortgage agents, or you can let us deal with them for you.
http://www.mortgageforturkey.com/
Apply or quick quote: http://www.mortgageforturkey.com/apply/