Mortgages & financing

Turkish mortgages are now available for purchases in the main resorts

Until recently the only option for financing a Turkish property was a mortgage against a property back home, with this loan used to buy in cash. Now several European and Turkish banks have started lending to foreign buyers.

Mortgages are available for purchases in the main resorts in pounds sterling or euros, with a typical loan to value ratio of 65-100% and a maximum term of 20 years. Interest rates are currently 6.36-8.5% depending on the borrowers individual circumstances, the property and the currency, with euro rates significantly below those offered for sterling loans. Several Turkish lenders are now offering mortgages for off-plan purchases.

Mortgages are available for all of the apartments and villas in the Property Collection.

Contact one of our advisers for more details.

Typical mortgage

• 65% LTV
• 5-20 years
• Interest rate - from Euro: 6.36% Sterling: 7.44%