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News from Turkey
REGULAR FLIGHTS TO GAZIPASA
" 17 December 2012 Turkish flight company Pegasus Airlines starts regular flights from Istanbul to Gazipasa airport in Alanya. Flights to Gazipasa will take off in Sabina Gokcen airport (SAW) in Istanbul 4 times a week.....
GOLF COURSES IN ALANYA
" 5 locations in Alanya were officially confirmed as golf centres. They are Mahmutlar, Kargicak, Emisbeleni, Turkler and Okurcalar. </div....
Free Shuttle Bus Airport. Alanya and return
" FOR ALL TRAVELLERS CONNECTING AT ISTANBUL ATATURK AIRPORT WITH ATLAS JET Free private airport shuttles only for Atlasjet passengers. Atlasjet; Turkey’s trend leader airline for fli....
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FIRM NEWS ABOUT GAZIPASA AIRPORT
" The runway in Gazipasa Airport, located in eastern Antalya, will be expanded and the area surrounding the runway will soon be nationalised, a local government official has said. This will create a pro....
Mortgage
Coastline Keys has been one of the first to offer mortgage in Turkey to our clients.
Banks offer different conditions for loans in
Turkey. Below you can see detailed information about loans for
foreigners in Denizbank as an example.
| Issue | Feature |
|---|---|
| Loan to value | Maximum 70% of the appraisal value (not always equal to the sales price) |
| Debt to income | Maximum net salary to spend to installment for total loan position 50% |
| Valuation of income | Only salary income transferred to a bank account, average profit of the last 2 years, pension income |
| Maximum amount | No maximum |
| Minimum amount | 25000 |
| Maturity | 10 years |
| Available currency | Turkish Lira, Euro, USD, GBP |
| Interest types | Fixed |
| Early repayment | Possible (2% penalty fee) |
| Property valuation | Done by DenizBank or appointed appraisal by Denizbank, pre-valuation paid by DenizBank |
| Age of application | 25 -70 years |
| Maximum age at end of maturity | 70 years |
| DASK: nature disaster insurance, House insurance; | To arrange via DenizBank, |
| Life insurance | No obligation |
| Off plan mortgage | Yes, with full bank guarantee from constructor for the total loan amount |
| Monthly installment payments | Automatic payment from a DenizBank account |
| Validity of the pre offer | 4 months |
| Extension of validity of the pre offer (except interest rate) | Until 18 months (1% extra commission required) |
Rates
| Months | 12 | 24 | 36 | 48 | 60 | 72 | 84 | 96 | 108 | 120 | 180 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EUR | 0,40% | 0,40% | 0,44% | 0,44% | 0,48% | 0,48% | 0,50% | 0,55% | 0,55% | 0,55% | 0,63% |
| USD | 0,39% | 0,39% | 0,41% | 0,41% | 0,46% | 0,46% | 0,48% | 0,54% | 0,54% | 0,54% | 0,63% |
| GBP | 0,44% | 0,44% | 0,49% | 0,49% | 0,53% | 0,55% | 0,55% | 0,60% | 0,60% | 0,60% | 0,65% |
| TL | 0,81% | 0,81% | 0,84% | 0,84% | 0,84% | 0,88% | 0,88% | 0,90% | 0,90% | 0,90% | 1,05% |
| Issue | Employed | Self employed | Retired |
|---|---|---|---|
| Official tax statement of the
most recent year in the home country (for example P60) |
√ | √ | √ |
| The official document that shows the applicant’s credit history/records in the country where the applicant currently resides. | √ | √ | √ |
| Copy of the Tapu of the object
that will be bought (“Kat mulkiyet tapusu” or “Kat irtifak tapusu + yapi kullanim izin belgesi”) |
√ | √ | √ |
| Copies of passports made and signed by the branch or notary | √ | √ | √ |
| Income statement of employers signed by the employer | √ | √ | |
| Official document/declaration
from a public notary /cadastre that the person who signed the income statement is allowed to sign |
√ | √ | |
| Bank statements declaring the income (not older than 3 months) | √ | √ | |
| Annual report of the holding
company for the last two years together with a copy from the shareholder register |
√ | ||
| Documents proving monthly
financial obligations (rent, house loan installments, alimentation) |
√ | √ | √ |
| Overview of private assets proven by official statements | √ | √ | √ |
| Overview of private debts proven by official statements | √ | √ | √ |
| Signed application form | √ | √ | √ |
Tax number obtained in Turkey is required.
In case the applicant has the residence permits of several countries, the official credit record documents to be arranged by each country’s relevant authorities must be submitted to Denizbank. The documents must be notarized and apostilled.
Joint Applications:
1 - If more than one person is
represented on the title deed (tapu), for each of the person a
sepereta application form must be filled
2 – If only one name is / will be written on the title
deed (tapu) only one application form is required. In that case
a partner can become guarantor of the loan in order to meet with
the debt to income requirements.
Procedure
At Coastline Keys we will help you prepare
all requested documents and deliver them to the bank for further
examination.
The bank will send a appraiser to you house to value your
property
Maximum 5 working days later the branch will inform you about
their offer.
You will be handed out the pre term sheet that you can use as
the bank’s written promise to you
After presenting the pre term sheet to you, you are asked to
sign the pre term sheet and pay the commitment fee of 1.5% of
the loan value.
After signing a period of maximum four months starts to arrange:
-
DASK: (nature disaster insurance)
-
House insurance; İskan Ruhsati (house permission)
-
Approval of the ministry of Defense (Savunma Bakanliği)
-
Tax number and opening a demand deposit account
After permition to deliver the title deed is ready and all
other documents mentioned above are collected the bank will give
its final approval, will make an appointment to pay out the loan
and put the mortgage on the title deed at the Tapu office.
Here you can find other detailed information on the following subjests:
Buying Property in Turkey, Buyers Guide, Inspection Trips
Buyer's Guide
At Coastline Keys we will do our best to make buying property in Turkey for you pleasant ...
Documents Required
To buy a property in Turkey the following documents are required, Click here to documents
Inspection Trips
In order to help you choose your dream house, at Coastline Keys we offer you our free inspection trips.
Rent in Turkey
If you are looking for a property to rent in Turkey, do not hesitate to contact us with the dates of ...
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