Turkish Mortgages for purchasing a property in Turkey - rates from approx 6.10% in Euros
Turkish residential property only. Funds are not available until completion and the property is legally registered in your name.
Turkish Mortgages are available for UK Nationals - who must be UK resident at the time of application. House Purchase or re-financing for Home Improvements.
Mortgages for other purposes may also be considered - contact us for further information.
Mortgages available on a capital and interest repayment basis only.
Minimum loan €40,000; Maximum loan €200,000 (larger amounts on a case-by case basis), but must not exceed 75% of the valuation or purchase price (whichever is the lower).
Proof of Income is required (earned income, pension income and investment income can be used but not in all cases). Non-Status or self certified loans are currently not available.
Term: Up to 15 years for loans up to €100,000 rising to 20 years for loans over €100,001 - up to age 75 (min age of 24 on application)
Currency: Euros only
Interest Rate: from 6.10% fixed for 1 year.
Fixed Rate loans over 3 and 5 years, also available. If the property is rented, the Interest Rate increases by 0.60% for all schemes
Example Turkish Mortgage in Euros:
Repayment Mortgage of approx €80,000 over a period of 15 years at an initial Fixed interest rate of approx 6.10% = approx €679.42 per month
Example of fees:
Valuation fee:£445
Mortgage admin fee:£495
Bank Arrangement fee:
£2% min £1250
Turkish conveyance fee: £350
For More Information Please Contact us on 01484 358 502
|