planet real estate
go to alanya and see apartments villas
Search Apartments Villas Penthouses
 
ABOUT US
Home Page
After Sales
Title Deed Costs
Property Market In Turkey
About Turkey
Golf in Belek/Turkey
Mortgages
What is Title Deed(TAPU)
Our Team
Inspection Trip
Testimonials
Contact us
Flight to Turkey
how to go alanya
News
PROPERTY OFFERS
Search
Apartments
Villas
Penthouses
Exchange Rates
€ 6,1686 TL
$ 5,4868 TL
£ 7,0898 TL
Alanya
Antalya
alanya ticaret odası

Mortgages

At a glance:

 

Mortgage

Refinance

Equity Release

Buy to Let

Maximum Loan to value

70%

70%

N/A

N/A

Maximum Interest only period

0

0

N/A

N/A

Maximum Term

20 years

20 years

N/A

N/A

Maximum Age on completion

70

70

N/A

N/A

Average interest rates

6.5%

6.5%

N/A

N/A

Average monthly price per thousand

7.16

7.16

N/A

N/A

Process:
In spite of the Turkey mortgage market being a relatively new market, the banking system is very advanced and with the legalization of mortgages the banks have embraced the possibility very enthusiastically. Competition is growing daily creating more competitive products and improving an already efficient process. Mortgages should take no longer than eight weeks to arrange.

Approximate timelines (weekends not included):

1. Approval in principle Instant
2. Final licences Day 1
3. Property registration details Day 1
4. Application (receipt of documents) Day 1
5. Power of attorney Day 1
6. Confirmation of approval in principle Day 3
7. Valuation Day 6
8. Formal offer Day 10
9. Arrange signing Day 15
10. Signing Day 20
11. Transfer of deeds Day 20
12. Payment to developer Day 20
13. Agency of service

Day 20

14. First mortgage payment Day 21
15. Commission received Day 41

Costs:

For guidance purposes, as costs vary from lender to lender:

Cost

Amount

Payable

Broker fees 495 Up front
Application / bank fees 200 Up front
Valuation fee 500 Up front  (refundable)
Opening commissions 1.5% of loan amount On signing
Registry / Notary fees 1% of purchase price On signing
Agency of Service 120 Annually on signing date

Currencies:
Turkish mortgages are available in euros

Susana Vazquez

OVERSEAS MORTGAGES DIRECT

Ph: (0044) 2032872052

Fax (00353)19014604

www.overseasmortgagesdirect.com

http://www.turkishmortgages.com/

eticaret

2018 © Copyright Planet Construction