Get a Turkish Mortgage - Mortgages in Turkey
NOW AVAILABLE: NEW Self-Build Off-Plan Mortgages in Turkey - Create Your Dream Home!
HOW DO I FINANCE MY PROPERTY
PURCHASE IN TURKEY?
You may have already decided on an area, but before you start looking for a home, it is
important to consider the question of finance.
THE PRICE YOU CAN AFFORD WILL DEPEND
ON A NUMBER OF FACTORS, INCLUDING:
• How much you are able to borrow
• The period over which you intend to repay your mortgage
• Your existing mortgages, loans and other commitments.
Fill out our Mortgage form to get a decision in principle before you start even viewing properties....
HOW MUCH CAN I BORROW?
Your overall financial commitments (e.g. existing loans and
other payments, including your new mortgage) should not
exceed approximately one-third of your gross regular income.
We recommend you keep some money in your Turkish
current account to help you with your property costs,
including upkeep, local taxes, electricity and/or gas bills
TYPE OF MORTGAGE
From 4% to 7% Fixed and variable rates
Loan term to 75 th Birthday
Loan to Value
Ranges from 60% - 90%
Maximum 20 years plus 5
GBP, EUR, USD, SFR, TRL
A valuation appraisal is carried out in most cases. However,
it is important to note that this may vary slightly from the
mortgage survey traditionally performed in your country. The
appraisal is undertaken by an independent surveyor.
Whether you are looking to buy a second home, take up
permanent residence, or take advantage of an investment
we are here to offer
you the best financial solution.
Our multilingual and multicultural advisors will explain how you
can buy property in Turkey and obtain a mortgage as easily
as possible. We will assist you throughout your home buying
project, from the initial search for the best mortgage solution
right up to the payment of your final instalment. We provide
our services in English, Dutch, Italian and French.
With this particular International Buyers mortgage, you can
use your Turkish property as collateral, so you can keep the
equity on the property in your country of residence.
WHICH MORTGAGE IS BEST FOR ME?
VARIABLE RATE MORTGAGE
One of the main characteristics of our variable interest rate
mortgages is that it offers you the comfort of stable monthly
As in euro zone countries, our variable interest rate
mortgages are linked to the variations in the European
Central Bank lending rate. However, monthly repayments
will usually remain stable when interest rates change. It is
the duration which varies according to whether rates have
risen or fallen. Following complete release of the mortgage
funds, our rates are reviewed quarterly or annually
depending on the type of mortgage you have.
There are no redemption charges for early partial or
complete repayment on our standard variable rate mortgage
products and you can convert free of charge to a fixed rate
mortgage at any time.
Even if you initially opt for a variable rate mortgage, you can still switch to a fixed rate at any time and at no cost, you can even combine a variable interest rate mortgage with an initial period of fixed rate.
Please fill out our Mortgage Decision in Principle Form to Apply for a Mortgage in Turkey
WHAT ABOUT BUILDING AND CONTENTS & NATURAL RISKS INSURANCE?
It is important that you make arrangements to insure the
property and contents and that cover is adequate. Natural
risks insurance (DASK) is also mandatory in Turkey.
WHAT KIND OF HOME CAN I BUY?
Our International Buyers Mortgage provider is happy to consider
mortgages for most types of residential homes, whether you
wish to purchase an older property or a new home, provided
this home has been completed in line with the official plans.
Make sure this condition is fulfilled and get the property’s
construction utilisation licence: YAPI KULLANMA IZIN
BELGESI, better known as ISKAN.
Apply for a Turkish Mortgage online today