How do I apply for a mortgage in Turkey?

You can fill in our online application form by clicking on the link

Once we receive your application, we will assess your details and advice you on the most suitable Turkish mortgage product accordingly.

What documentation required for Turkey mortgages?

Turkey mortgage lenders request full documentation proving that the applicants can afford the Turkish mortgage repayments, and therefore you will be required to submit a significant number of supporting documents. Please see below for a summary of what will be required. A detailed list will be provided based on your situation and sent to you with your personalised mortgage quotation.

* Proof of identity & residence

* Proof of income & outgoings

* Bank statements

* Property details and documents

* Proof of personal contribution to the purchase

How much can I borrow?

The mortgage amount you will be able to borrow will of course depend on your financial situation and financial capacity. In addition, the conditions applied by the banks will have to be complied with.

The mortgage amount for a Turkish property is capped at 70% or 90 %.( depends on the Turkey property mortgage product) of the execution value of the Turkish property. The minimum amount of the mortgage loan is € 25.000. -(or equivalent in other major currencies).

How long does an application take to complete?

Mortgage applications for Turkey purchases generally take 3-4 weeks for the mortgage approval stage. However, completion of the purchase may take up to 3 months due to military clearance application and other searches on the property.

What are the Turkish mortgage  interest rates?

Call us for the current interest rates for Turkey mortgages. The announced interest rates can change. Only the rates offered at the mortgage offer are binding and final.

What is the term of the Turkey mortgages?

The term of the Turkish mortgages will be depending on your preference, minimum 5 years and maximum 20 years, and must be repaid before you reach the age of 75

Which insurance products do I need for the property in Turkey?

A comprehensive range of insurance products is available in Turkey to protect your property and possessions from a wide variety of risks.

Types of Turkey Property Insurance

There are three main categories:

1. Buildings

2. Contents

3. DASK – Compulsory insurance required by the Turkish Government.

Click here to get a quote

Do we need a lawyer to buy a property in Turkey ?

Buying a property is always a major undertaking. Even though you do not need to have a legal advisor to buy a property in Turkey, we recommend you to take expert, independent legal advice.

We can help you to find an independent English-Turkish speaking UK solicitor.

What is military check?

Turkish military authorities must approve foreign nationals buying property. Military approval in Turkey is based on cursory checks into the purchaser’s background and the location of the property. The military investigation in Turkey  takes up to 12 weeks depending on how busy time of house purchases in Turkey is.

Do I have to provide income documents to remortgage my Turkish property?

Yes.

 Please contact TPM for a no-obligation financial illustration.