| If
you are considering purchasing a property
in Turkey why not apply for a Turkish Holiday
Home Mortgage. Mortgages are available for
either House Purchase or re-financing for
Home Improvements. Mortgages for other purposes
may also be considered - contact us for further
information. Type
of Turkish Mortgage: Repayment basis only
Minimum: €40,000; (£27,3000)
Maximum: €200,000 (£136,300)
larger amounts may be considered on a case-by
case basis, but must not exceed 80% of the
valuation or purchase price (whichever is
the lower).
Current Interest
Rate: from approx 5.9% fixed for 1 year
in Euros Fixed Rate loans over 3 and 5 years,
also available.
Term: Maximum 15 years for loans up to €
150,000 OR maximum 20 years for loans over
€ 150,000 - up to age 75 (minimum age
of 24 on application).
Proof of Income:
required in all cases (can be made up of
Earned Income, Pension, Investment or Rental
Income. Please note however, it is not always
the case that the Lender will take all or
part of these Incomes into account when
determining the maximum loan available).
Non-Status loans are currently not available.
Please note, that
if the property is rented, the Interest
Rate is increased by 0.60% for all schemes
throughout the mortgage term.
Please note, that
if the property is being built, funds are
not available until completion of the property.
If you would
like more information or an application
form, email us:
mortgages@turkishholidayhomes.com
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