Mortgage Lending

Turkish Mortgages (EU & USA Citizens) for Completed properties.

Basic Lending Terms for ALL products as follows:

- Loan to Value: up to 65% (of valuation) 

- Nationalities: Any country that has a reciprocal agreement with Turkey (eg: Australia, New Zealand, EU & US) 
- Term: 5 to 20 years 
- Minimum Loan: €30,000 
- Maximum Loan: No Maximum 
- Interest Type: Fixed 
- Age of applicant: 25 to 70 years of age 
- Maximum age at loan maturity: 70 years of age 
- Early Repayment penalty: 2%

Requirements: 
- DASK (natural disaster Insurance) - arranged by Lender. 
- Property Insurance - arranged by Lender 
- Off Plan mortgage*: Offered with full bank guarantee from Developer for total loan amount* 
- Costs: - 1.5% lender commitment fee 
- Valuation Fee approximately €300 (arranged by Lender) 
- DASK insurance & Property Insurance

Advantages of ALL mortgage products: 

- self employed & retirees accepted 
- no geographical restrictions within mainland Turkey 
- Full rental income is taken into account when banks assesses affordability for client 
- Fees can be added to borrowings, without affecting the amount that can be borrowed by client. 
- A completed property is defined as 75% from completion 
- No requirement to become a Turkish resident 
- Loan offer lasts for 4 months. Can be extended to 18months (an extra 1% commission will be required to process this request Mortgage

Product Types:

a) Completed Property Mortgages:

For properties that are completed, or are in the process of being completed (75% completed and up), the Lending terms above of this document are relevant.