| Now that you have decided to buy a home in Turkey,
Sunset Homes might be able to help you with your financing needs in
UK or Turkey.
Turkish Mortgages:
Both Tracker and standard variable rate repayment mortgages are
available. These mortgages are available for a maximum of 75% of
the property's valuation with repayment terms up to 15 years. If you
would like to find out more about competitive rates or receive more
information about Turkish mortgages feel free to contact us.
Please note these mortgages are housing loan extended to British
Residents over the age of 18 for the sole purpose of financing their
purchase of property in Turkey.
Please consider carefully before securing debts against your
home. YOUR HOME MAY BE REPOSSESSED IF YOU DON'T NOT KEEP UP REPAYMENT
ON YOUR MORTGAGE.
Mortgages Rates and Terms;
Standard variable mortgage rate is a very competitive 8% AER and
the overall cost for comparison is a typical 8.35% APR (variable).
It is subject to change (normally in line with changes in the
Banking of England base lending rare, currently, 5.75%.
Tracer mortgage rate always follows the Bank of England base
lending rate and will carry margin of 2.35%. This rate, currently,
is 8.10% AER (8.45% APR).
Illustrative calculations for a repayment mortgage of GBP 90,000
over 15 year for both standard and tracker rate are follows:
| |
Standard |
Tracker |
| Loan Amount (GBP) |
90,000 |
90,000 |
| Term |
15 Years |
15 Years |
| Monthly payments (GBP) |
860.09 |
865.29 |
| Total amount to be paid |
154,814.40 |
155,722.50 |
Turkish Mortgage Process:
- Receive of application from Sunset Homes and return for
application approval.
- If decision made then all the forms will be passed to
mortgage lender, (Fees apply for application to mortgage lender
£250
- Choose the property, and send application details for
Military check (Fees apply for valuation of the property (£200).
Final mortgage offer made according to valuation result. (75%)
- Direct debit mandate signed and returned by client.
- Loan repayments will commence and continue for the applied
period, during which time we will be in touch with the
application directly.
- For Resident of Ireland different rules apply please contact
us for more information
Advice note: The all the information we provide here for advice
only full details will be discussed on application process. Sunset
Homes are should not liable for any information . |
