The procedure of procuring a mortgage loan from Turkish bank needs to go through some processes. At the preliminary period, documents like proof of identity card like sample copy of passport or original copy of office residential area, current mortgage status at home, tax reports and statements of recent one year, passport and photo are required.
Apart from this, non-residential application form is another required document. Foreigners need to submit all the documents at the nearest branch as soon as possible. After submission of the documents, foreigners can discuss bank loans with the bank branch.
The valuation of property is evaluated in the second phase after sending the appraiser. The bank will try best to clinch the best deal for their foreigner clients. The pre-term sheet is handed over to the client to sign and client is then required to pay commitment fee. Buying a second house in Turkey is getting popular because competitive interest rates are available in Turkish Lira, US dollar, British pound and Swiss Frank etc. Mortgage procedures for holiday homes are similar to Europe. Many experts are present in Turkey to help foreigners in buying holiday homes, suitable for clients’ particular needs.
For that reason, mortgagers may be relatively new in Turkey; customers benefit from fixed rate to variable rate mortgages. In addition, here different kinds of risk, preferences and needs that come to play to determine the different kind of mortgages. Mortgage procedure is done this way in Turkey.
For more information about kredi başvurusu and ihtiyaç kredisi hesaplama visit the website.
Kredi Hesaplama 