MORTGAGE | LOAN FOR FOREIGNERS
Nirvana Construction offers its own mortgage system for those who invest off plan or ongoing projects. Housing loan for foreigners and Turkish citizens may differ by various Turkish Banks.
It is very easy and advantageous investment to buy property from Nirvana Construction Company with installment payments. You may arrange your own payment method according to the progress of the ongoing project without using bank loan. However, Nirvana construction company offers special payment terms for the properties under project which allows you to pay by installments. Most commonly, %50 of the purchase price is required cash at the contract and rest of the payment can be completed by equal installment until the completion of the project. In addition to that, it is always possible to discuss and arrange payment terms according to buyer’s payment conditions. If the buyer is willing to buy property in Turkey with mortgage, it is required that the construction of the property is completed and residential permission is granted by the local authorities.
How Much Can I Borrow?
Your overall financial commitments (e.g. existing loans and other payments, including your new mortgage) should not exceed approximately one-third of your gross regular income. We recommend you keep some money in your Turkish current account to help you with your property costs, including upkeep, local taxes, electricity and/or gas bills and furnishings.
A valuation appraisal is carried out in most cases. However, it is important to note that this may vary slightly from the mortgage survey traditionally performed in your country. The appraisal is undertaken by an independent surveyor.
Whether you are looking to buy a second home, take up permanent residence, or take advantage of an investment we are here to offer you the best financial solution. Our multilingual and multicultural advisors will explain how you can buy property in Turkey and obtain a mortgage as easily as possible. We will assist you throughout your home buying project, from the initial search for the best mortgage solution right up to the payment of your final installment.