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Mortgages in Turkey
We get a lot of requests from customers asking about the best way to obtain finance
for funding their property purchase in turkey.
At long last it is possible to obtian a mortgage on a property in Turkey.
Quick Financial Facts
| Rate Range: |
5.23% to 6.85%, Fixed and variable rates |
| Minimum loan: |
£30,000 |
| Maximum loan: |
75% |
| Term: |
20 years |
| Maximum age: |
80 years |
| Currency: |
Euros or Sterling* |
*Different terms apply to the Sterling scheme, please contact us for details.
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. Our broker will do this for you free of charge. 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 note it may also be necessary to obtain a copy of your credit file via Experian (www.creditexpert.co.uk)
Please contact us if you require a turkish mortgage. We can put you in touch with lenders who can help.
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