You have been looking for your dream home for a long time and now you found it? Is the price of your dream a little bit over your budget? Then you are right with us. We will help you to become the owner of your dream home here at the Turkish Riviera.
We would like to present you two banks who finance real estate in Turkey. Together we will consult the banks and apply for a mortgage.
Turkish banks are financing usually up to 65% of the valuation report of a completed property. The term of the mortgage amounts from 5 to 10 years. The Tapu will be in the person’s name who applied for the loan at the bank. After the approval of financing by the bank and once the Tapu is back from Izmir, the Tapu transfer and the registration of the mortgage by the bank will be done at the same time.
For the application for a mortage the bank requests following documents:
- application form
- Tapu copy of the property
- Copy of your passport
- Turkish tax number
- Proof of financial history
- Proof of income of the last three months
- Bank statements for the last three months
- Official proof of your current residence
- Bank fees around 1,500 €
- Bank’s commission: about 1% of the mortage amount.