DIFFERENT TYPES OF MORTGAGE TURKEY
Credit from the Construction Company
There is a great opportunity to get mortgage turkey credit directly from the construction company in Side, Turkey. The process is pretty easy. All you need is a sales contract with the construction company where all payment details are written. There are no additional documents, paperworks and costs required.
The Payment Plan is as Follows:
- Down-payment – 50 % of the real estate price
- The remaining amount 50 % can be paid with installments upto 1-2 year (18 – 24 months)
1-2 year credit without any interest. Whenever you pay 100 % of cost of your real estate the TAPU (title deed) delivery is handled on your name with hypothec. Hypothec amount is the remaining money which construction company owes you. That way the sales process is handled fairly and without risk for both sides, the buyer and the seller.
The payment of monthly installments can be done automatically from the buyer to seller account.
Type of currencies for payment : Turkish Lira (TL), Euros (€), Dollars ($).
Maturity of payment from 1 year till 2 years.
Minimum amount of credit – 20.000 Euros
Applies to people between 25 and 70 years old.
Credit from the Bank
You found your dream home and need a bank loan to have it. You can be easily applied to bank loans with reliable professional team of Side Homes and you can have your dream home. You can buy the house you wish to get with confidence with Side Homes staff that are on your side at each stage. Side Homes experienced staff are always with you until you moved into your apartment which you like!
Buyer must prepare all documents required for the mortgage turkey. Side Homes will help the buyer to open an account and translating all above prepared documents to Turkish language by notary office and registering for the bank.
Required documents for application of mortgage turkey:
- Passport (notary certified translation)
- Tax ID number (It is procured from Tax Office)
- Certificate for address verification (Residence permit)
- Customer income document (with apostil approval and translated into Turkish or English by a sworn translation office)
- Document for the product to be purchased (Tapu)
Credit application is made to the bank after all the documents prepared. “Preliminary approval” comes from the bank maximum 3-4 days later. After coming “preliminary approval”, the bank sends an expert to home for property valuation. Following the expert assessment, the bank loan is approved. After the bank loan is approved, buyers and sellers documents are complete for title deed application. Finally, title deed (Tapu) application is made.