Turkish Euro mortgage

 

Our UK Mortgage Broker offers exclusive products that are not available through high street branches. With over 20 years experience of the mortgage market they aim to give you a first class service for all your mortgage and loan requirements.

 

CURRENTLY THE MAXIMUM MORTGAGE IS 90% OF PURCHASE PRICE IN THE FOLLOWING AREA’S: TURKISH RIVIERA & ISTANBUL

Turkish Riviera (includes):

Akbuk, Alanya, Altinkum, Antalya, Aydin, Ayvalik, Balikesir, Belek, Bodrum, Canakkale, Datca, Didim, Fethiye, Izmir, Kalkan, Kusadasi, Mahmutlar, Marmaris, Mersin, Mugla, Turgutreis

Terms and conditions

Minimum loan amount: €40,000 - making minimum Purchase Price of €54,000.

Maximum loan amount: €200,000.

Up to 90% LTV on residential property.

Fixed Interest Rates in Euros only: 1 year fix - 6.40%, 3 year fix - 6.70%, 5 year fix - 6.90% 

 

Fixed interest rates in Sterling only: 1 year fix - 7.90%, 3 year fix - 8.20%, 5 year fix 8.50%

Fixed Interest Rates only - no variable rates available.

Repayment terms ONLY (no Interest only available) of 5 to 20 years.

Minimum age 24 upon application to Maximum age 75 upon completion..

Property must be completed within 8 months of a full mortgage application.

Fixed Interest Rates only - no variable rates available.

First time buyers are acceptable.

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'.

Residential mortgages only - no commercial mortgages available.

Affordability:-  60% 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 (payslips, Bank statements and P60 will be required for employed applicants) & self-employed incomes only (a minimum of 3 years audited accounts)

Maximum number of applicants: 2 -married couples can only apply in their joint names.

Life Insurance is compulsory and MUST be assigned to the mortgage.

Eligibility:

UK resident & UK nationality

Dutch resident with a) Dutch nationality or b) indefinite residence permit

German resident with a) German nationality or b) indefinite residence permit

Belgium resident with a) Belgium nationality or b) indefinite residence permit

Irish only if Northern Ireland residency and nationality

 ALL applicants must have a 'clean credit history' - no existing Defaults or County Court Judgements.

 

For more information please contact us by

E-mail: sales@bargainholidayhomes.com

or phone call 0090 256 813 6599

Mortgage in Turkey

Mortgages are now available for non nationals in Turkish banks. Should you need to organise payment via mortgage in Turkey,our agents will guide you through the whole process. Below, we have answered some frequetly asked questions regarding the processes.

What sort of documents are required from foreigners wishing to get a turkish mortgage from a turkish bank?

Social security record. Payslips for last three months. Passport and a tax number.(Obtained in Didim)

What is the procedure in a mortgage application?

When a person makes an application by presenting the necessary documents, the request is put on hold until the necessary permission is obtained. (normal army check) The loan is then processed for up to 50% of the value.

What is the interest rate?

0.60% for USD and 0.70% for EURO

What are the loan periods?

1-20 years

The ratio of sales of off plan properties is the same as that of finished properties. Are mortgages available to finance off plan properties?

No. Mortgages are given providing there are no obstacle to the title deeds. If a property is not built yet, it will not obviously have its title deeds.

Your mortgage will be applied for by you, in person, to the bank in Turkey.

For more information please contact us by

E-mail: sales@bargainholidayhomes.com

or phone call 0090 256 813 6599

 

 

Bargain holiday homes estate agency,

Altinkum mahallesi, Karakol Caddesi, No: 9

Didim, Aydin, Turkey.

sales@bargainholidayhomes.com