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Mortgages for buying property in Turkey

If you require finance to purchase your overseas property, then our partners who are Licensed Credit Broker with over 20 years experience in the overseas property finance market could assist.

Using the Turkish property as security a Repayment mortgage could be raised, depending on individual requirements based on the valuation or purchase price, whichever is the lower, of the Turkish residential property.

CURRENTLY WE CAN ONLY LEND 80% IN THE FOLLOWING AREA'S:

  • TURKISH RIVIERA & ISTANBUL Turkish Riviera (includes):
  • Alanya -
  • Antalya -
  • Bodrum -
  • Datca -
  • Didim -
  • Fethiye -
  • Kalkan -
  • Kusadasi -
  • Mahmutlar -
  • Mugla

** All other areas can be considered up to a maximum loan to value of 60% - 70% on a case by case basis

Typical Rate : 4.8%
Loan purpose : Residential purchase, re-mortgage, equity release and buy to let.
Min Loan : €25,000
Max Loan : None.
Term : 20 years.
Max Age : 75
Repay method : Capital and Interest.
Currency : Euros, Sterling, US Dollars, YTL, Yen and Swiss Francs.

Additonal Info : Maximum loan to value 85%. Affordability based on liabilities and new mortgage not exceeding 55% net income.

If the property is to be rented out Interest rate increases by 0.60% for the duration of the loan.
Repayment terms ONLY (no Interest only available) of 5 to 20 years
Minimum age: 24 upon application to Maximum age 75 upon completion.

Decision in Principal Application

1st Time Buyers? YES.
Staged payment funding available? No, mortgage funds will not be released until the construction of the Turkish property is fully completed and legal registration of the Turkish property has taken place.
Re-Mortgages? No, we cannot assist if the Turkish residential property already has a mortgage on it. Equity Release Mortgage (from existing Turkish Residential property)? Yes, but ONLY if the property is 'mortgage-free'.
Affordability: 45% of NET monthly income - less existing monthly commitments (if clients also have existing 'buy to let' properties, then the rental income received from these, must cover a minimum of 120% of the monthly mortgage amount due). Incomes NOT considered: Incapacity or Disability benefits, Maintenance/Alimony or existing Rental Income. Incomes considered: All employed salary & self-employed incomes only.
Eligibility: Only EU passport holders & UK or IRISH residents ONLY & applicants with 'clean credit history' - no existing Defaults or CCJ's.
Maximum number of applicants: 2

Overseas Mortgage Providers

We feature a select few when it comes to reccommending mortgage facilitaors from the UK. This can be an easier way to arrange your finance or mortgage requirements before you begin your search. Listed below are some of the advantages to using some of the companies we reccommend.

  • More than 200 residential overseas/foreign mortgage products available in over 30 countries worldwide including Bulgaria and Turkey
  • Over 10 years of trading and 20+ staff experienced in conducting business with overseas and foreign lenders
  • Fully independent with more overseas/foreign lenders and more choice
  • Competitive and exclusive overseas/foreign mortgage terms
  • In some countries, no final arrangement fee charged by us for organising the overseas/foreign mortgage
  • At no cost, can internally pre-qualify your application financially, thereby saving any wasted inspection flights
  • Can save you time and costs (ie: phone, fax and postage) in both exploring and finding a possible lender
  • In-house processing and dedicated underwriting team for each country ? who are fully aware of what documentation the lender requires, their lending criteria and how to present the application, which ensures a faster mortgage offer
  • The use of our extensive database of other relevant professionals such as lawyers, surveyors, currency exchange and offshore company formation experts

Mortgage Quotes

Click the below link to receive a quotation on mortgage facilities from over 8,500 UK providers or a select number of overseas banks and mortgage facilitators.

Decision in Principal Application

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