New Non Resident Mortgage in Turkey
Now almost all nationality should apply to mortgage in Turkey with the new mortgage system in Turkey. So now you know that you can get mortgage in Turkey with better ofers now. But let us guess what you curious more about Turkish mortgages. Now we will take a look at them under two main healines.
A)FAQ About Mortgage in Turkey:
B)How to Apply Non Resident Mortgage
•What is the amount of minimum loan i can borrow ?
The minimum amount of loan you can borrow from Turkish Banks is : 40.000 Euros
•What is the amount of maximum loan i can borrow ?
The maximum amount of loan you can borrow from Turkish Banks is : 280.000 Euros
• What are the avaliable the currencies for mortgage in Turkey ?
Turkish mortgages are available in TRY, EUR, USD, GBP and CHF currencies
•What is the minimum length of turkish loans ?
The minimum length of turkish loan you can borrow is 6 months.
•What is the maximum length of turkish loans ?
The The maximum length of turkish loan you can borrow is 240 months.
•What is the maximum loan-to-value ratio of Turkish mortgages for EU countries?
The maximum loa-to-value ratio of Turkish mortgages for EU countries is 65%.
•What is the maximum loan-to-value ratio of Turkish mortgages for other nationals?
The maximum loa-to-value ratio of Turkish mortgages for all other nationals is 50%.
•Do I need any Insurance on the property ?
Yes. You need a insurance on property which will be asked by mortgage lender.
•Do Turkish Mortgages need any decleration of income to qualify for loan ?
Yes. Turkish mortgage system need decleration of any income to qualify you for loan.
There are minimum requirements that any bank or mortgage lender should ask you for applying a non resident mortgage in Turkey. Now note the list above as your check list before getting in contact with a bank or a mortgage lender.
• Tax ID Number given by Turkey.
• Appraisal review report of the property.
• Non- Resident submission form which is provided by the branch.
• Copy of the passport.
• Credit Bureau record from your home country.
• Utility bill which will show your full address.
• Security check obtained from military authorities in Turkey.
• Report of previous three month's bank account, credit card, overdraft statements.
Sources : Garanti Bank, Mortgage Turkey ( http://www.mortgageturkey.net/mortgage-in-turkey.html )
A)FAQ About Mortgage in Turkey:
B)How to Apply Non Resident Mortgage
FAQ ABOUT MORTGAGE IN TURKEY
•What is the amount of minimum loan i can borrow ?
The minimum amount of loan you can borrow from Turkish Banks is : 40.000 Euros
•What is the amount of maximum loan i can borrow ?
The maximum amount of loan you can borrow from Turkish Banks is : 280.000 Euros
• What are the avaliable the currencies for mortgage in Turkey ?
Turkish mortgages are available in TRY, EUR, USD, GBP and CHF currencies
•What is the minimum length of turkish loans ?
The minimum length of turkish loan you can borrow is 6 months.
•What is the maximum length of turkish loans ?
The The maximum length of turkish loan you can borrow is 240 months.
•What is the maximum loan-to-value ratio of Turkish mortgages for EU countries?
The maximum loa-to-value ratio of Turkish mortgages for EU countries is 65%.
•What is the maximum loan-to-value ratio of Turkish mortgages for other nationals?
The maximum loa-to-value ratio of Turkish mortgages for all other nationals is 50%.
•Do I need any Insurance on the property ?
Yes. You need a insurance on property which will be asked by mortgage lender.
•Do Turkish Mortgages need any decleration of income to qualify for loan ?
Yes. Turkish mortgage system need decleration of any income to qualify you for loan.
How to Apply Non Resident Mortgage
There are minimum requirements that any bank or mortgage lender should ask you for applying a non resident mortgage in Turkey. Now note the list above as your check list before getting in contact with a bank or a mortgage lender.
• Tax ID Number given by Turkey.
• Appraisal review report of the property.
• Non- Resident submission form which is provided by the branch.
• Copy of the passport.
• Credit Bureau record from your home country.
• Utility bill which will show your full address.
• Security check obtained from military authorities in Turkey.
• Report of previous three month's bank account, credit card, overdraft statements.
Sources : Garanti Bank, Mortgage Turkey ( http://www.mortgageturkey.net/mortgage-in-turkey.html )
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