English Based Mortgage Advice - in association with

Turquoise Estates are now able to offer overseas mortgages through Global Mortgages Direct who can provide the best mortgage deals and advice on your Turkish property purchase.
• No equity release required
• Mortgages secure on your overseas property
• Up to 16 years loan repayment terms Great interest rates (fixed rates available)
• Loans for both employed and self employed
• Work directly with your personal solicitor
• Click here to download our FREE mortgage calculator (to be used as an estimation tool only)

Note: All mortgage applications are assessed on a FULL STATUS basis

Please feel free to contact us using the form below if you would like further information.

Turkish Loan Terms

Max 75% Loan to Value;
Currently 7.75% standard variable
Term of loan is up to 15 years;

**Completed projects & off plan projects 6 months from completion

Security of loan taken on Turkish property
UK citizens (at the moment) this will change shortly.
No min or max loan value;
Age from 18 years old can apply

Note: £475 early repayment costs if paid fully within the first three years (nothing afterwards).

** This bank as yet is not in the position to offer off-plan mortgages, however they are prepared to assist us by giving a Formal Letter of Approval (subject to successful valuation and underwriting) that will last for 6 months (extended after 180 days, whereby military approval, completion of property, Life insurance will need to be met to extend the loan to the six months. During this period, either the Banks off-plan product will become available (which is their plan) or that the client’s project will be completed within 6 months time frame, and the extended formal loan letter of offer will suffice.
Fees: Client needs to budget anywhere from £1400 to £1800 for all mortgage related fees (banks, GMD & valuations etc. Fees will be fully itemized in clients Mortgage outline document)

Also note client should budget for OFFICIAL CHARGES ie: property purchase charge of 35 of the agreed price. Other costs will be the commissions clients will be paying to the estate agent (a range 1% to 3%), fees for lawyers (again approximately around 1%) & some other small charges for the local services

The Mortgage Process

• Client completes an online questionnaire at www.globalmortgagesdirect.com
• Client is emailed from Global Mortgages Direct (GMD) a Mortgage outline (similar to a Decision in Principal) within 48 to 72 hours (see attached sample)
• GMD emails client with Terms of business which client completes and returns to GMD.
• GMD issues lenders application forms to clients. Client completes & returns application form with documentation.
• Lender processes application, completes underwriting process & issues client with Formal letter of Loan offer subject to successful valuation. From application forms received by GMD, to issue of letter of offer, the time frame is approximately 3 weeks.

Great features of this product explained:
The advantages of this particular lender is that they will
1) be doing initial processing of applications via a UK office,
2) with English speaking staff
3) no minimum loan or maximum loan values,
4) Any UK resident over 18 is eligible,
5) penalty fees are minimal for early exit,
6) one of the five top banks in Turkey,
7) Clients with properties still being constructed, and have a completion date within 6 months can now be eligible to receive a mortgage, 7( security of loan taken over Turkish property

ID & Financials Required: is as follows;

• Proof of ID Valid Passport(s) or UK Driving license(s). If copies are provided these must be certified by an authorized person (your lawyer, or local official, or your bank)
• Proof of Address(es) utility bills (except mobile phone bills), dated in the last 3 months
• Proof of income Last 3 months’ pay slips, or other official form of documentation (where possible), and latest P60. If self – employed a copy of the latest tax return, & last 3 years’ audited accounts with a letter from your accountant confirming the profit figures
• Bank Statements Dated within the last 3 months,& including details of the applicant(s)