Eligibility and criteria
For loans in Euros:
• Available to UK residents and Foreign Nationals
• Only available on a Capital & Interest repayment basis
• The maximum loan to value for a purchase is 70%
• The maximum loan to value for a remortgage, including equity release is 60%
• The maximum term of a Euro mortgage is 20 years – available to age 80.
• The minimum loan amount is €25,000 with no maximum
• Leaseback arrangements are accepted
• Up to 4 applicants
For loans in Sterling
• Available to UK residents and Foreign Nationals
• Only available on a Capital & Interest repayment basis
• The maximum loan to value for a purchase is 75%
• The maximum loan to value for a remortgage, including equity release is 75%
• The maximum term of a Sterling mortgage is 15 years – available to age 70.
• The minimum loan amount is £25,000, no maximum.
• Available to UK residents. Foreign Nationals must have permanent right to reside in the UK.
Affordability
To qualify for a mortgage in Turkey, a calculation is used to establish whether you can afford to maintain the mortgage repayments.
This will automatically happen when you complete our enquiry form, and we will not charge you for this service.
Your existing liabilities, including your UK mortgage or rental payments, loans, credit card payments and maintenance are taken into
account, together with the proposed Turkish mortgage payments. All this must not typically exceed 33% of your monthly gross
income. For example if your gross joint income is £2,500, 33% of this equates to £825 If your only liability is your current UK mortgage
payment of say £500 per month, this would leave a balance of £325 for your Turkish mortgage repayment.
The amount that you can borrow is also restricted by the maximum loan to value as mentioned under Eligibility and criteria.
Proof of income requirements
If you are employed:
• Your last three month’s payslips
• Your latest P60 and/or employers reference
• Your last three month’s personal bank statements
If you are self-employed:
• Your last two year’s Audited Accounts, Tax Returns and Accountants reference
• Your last three month’s personal bank statements
Other documents will be required and will be confirmed when application forms are sent to you.
Max term 20 years
£ 20,000 minimum loan
Repayment Only mortgages
