Do I Qualify

Eligibility and criteria

  • Available to UK residents. Foreign Nationals must have permanent right to reside in the UK
  • Only available on a Capital & Interest repayment basis
  • The maximum loan to value for a purchase is 80% of the execution value; which normally equates to 70% of the purchase price/valuation
  • The maximum loan to value for a remortgage, including equity release is 60%
  • The maximum term is 15 years – available to age 75
  • The minimum loan amount is £75,000, no maximum

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.

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