Turkey is a paradise of sun, sea, mountains, and lakes that offers the holiday maker a complete change from the stress and routine of everyday life. From April to October, most places in Turkey have an ideal climate that is perfect for relaxing on sandy beaches or enjoying the tranquility of mountains and lakes. Surrounded by four different seas, Turkey is a beach paradise with over 8,000 km of sunny strips of sand.
Turkey has recently become a popular choice to purchase property in, for a number of reasons. With its mild climate of over 300 days of sunshine a year, its low cost of living, and the beautiful landscape of the Turkish Riviera, it is no wonder prices are increasing every year making Turkey a great place to invest.

Apply NOW to find out how much you qualify for in Turkey.

Buying Guide

Buying a foreign property can be a daunting decision whether it is your first time or not, and so it is important that you take the time to research and plan to ensure that it is feasible, and that you are making the right investment choice.

Mortgage Guide

Mortgages at a Glance:

Max Loan to Value:                          60%

Max Term:                                     20 years

Max Age on Completion:                  70 years

Best Rate:                                       6.4%

Mortgage Process Length:                10 -12 weeks


CFP Mortgages in Turkey:

Since the Turkish government has opened up the option for foreign investors to obtain a mortgage in Turkey, CFP have partnered with 3 banks offering mortgages.
Remortgages are also now available in Turkey for non-resident property purchasers who already own a property in Turkey. More info please call 0800 883 0838 or (0034) 952 920 850 or email mst@cfpworldwide.com

Qualification:

Qualification for a mortgage  may vary depending on the bank. Generally your gross monthly incomes of 33% must cover all monthly outgoings including the Turkish mortgage. Please note that some banks are more flexible than others.

Mortgage Costs:

All mortgages have associated costs, for Turkey these are:
Opening Fee: 1.5% - 22% depending on the bank
Household Insurance: €200 - €400 approx depending on the bank
Life Assurance: Is compulsory and dependent upon your age and state of health
Valuation Fee: €200-€450 depending on the bank
Disaster Insurance: €100 approx

Documentation:

When applying for a mortgage it is important that you have specific documentation to support your application and prove you are eligible for a mortgage.The required documentation are necessary but may vary depending on the lender and the type of mortgage you are applying for.

Note: All facts and figures may vary depending on individual circumstances


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