 Over 70,000 properties have been sold in Turkey to foreign buyers in recent years as the legislation allowing foreign buyers permission to purchase has been clarified according to Turkish daily Today's Zaman. Naturally this strong level of overseas interest in Turkish real estate has had a decidedly positive effect on property values as well, which means more holiday home seekers, property investors and would-be retirees are now looking for property for sale in Turkey with mortgages available.
Luckily for them the exciting and emerging property market in Turkey is exceptionally well developed in certain areas and one way in which the Turkish property sector excels and leads other emerging markets is though its mortgage law and the availability of international mortgages for the purchase of property in Turkey. We can confirm that if you are a British, Belgian, Dutch or German citizen resident in your home country and you're looking to finance the purchase of a completed property in Turkey - Euro and Sterling mortgages are now available to you.
The mortgages are available through a variety of lenders through one British based international mortgage brokerage which has over 20 years experience in the provision of funding for the purchase of overseas properties. They have recently updated us with the terms and conditions that they and the lenders apply to borrowers, property for sale in Turkey and the provision of home finance. In general terms, the Turkish property to be purchased and mortgaged must be ready for habitation (i.e., no off plan properties please), any mortgage taken out will be secured on the Turkish property, repayment mortgage schemes are available and future potential rental income will not be taken into account when calculating how much you can borrow.
All mortgage applications are considered on a case by case basis and any information provided herein and initially by the brokerage in question does not constitute an offer of a loan. What's more, because the mortgage for the property for sale in Turkey will be secured on Turkish immovable real estate, the loan will not covered by the UK Consumer Credit Act or the Financial Services Authority.
If you're looking for property for sale in Turkey with mortgages it is highly advisable to get a mortgage agreed in principle or at least get a confirmation from a lender or a brokerage of the amount you can realistically borrow before you commit to purchase - this is because if you sign a preliminary contract and pay a deposit and you then find out you cannot raise sufficient funds to go through with the purchase, you will not only lose the house of your dreams but you stand to lose your deposit as well.
In terms of the broad lending criteria currently available for the purchase of real estate for sale in Turkey here are the facts: -
A Euro Mortgage to Buy Real Estate in Turkey
 75% of a property's valuation or purchase price (whichever is lower) can be financed for citizens of the UK, Belgium, the Netherlands and Germany as long as the applicant/s are resident in their home country at the time of application for credit checking purposes.
A euro mortgage for properties for sale in Istanbul or in the likes of Akbuk, Alanya, Altinkum, Antayla, Aydin, Ayvalik, Balikesir, Belek, Bodrum, Cannakkale, Datca, Didim, Fethiye, Izmir, Kalkan, Kusadasi, Mahmutiar, Marmaris, Mersin, Mugla and Turgutreis (a.k.a. the Turkish Riviera) can be taken out for a straight purchase, a remortgage or a home improvement loan.
The minimum amount that can be borrowed is EUR 40,000, the maximum is EUR 200,000 and an individual's mortgage entitlement is based on their net take home pay minus current financial commitments.
Buying Property for Sale in Turkey with Sterling Mortgages
 A sterling mortgage is available to UK based applicants wishing to buy property for sale anywhere in Turkey. It's possible to mortgage 75% of a property's value or purchase price but please note, a sterling mortgage is currently only available to those wishing to buy Turkish residential property - i.e., you cannot re-finance, buy to let or take out a sterling mortgage for home improvement purposes.
It's possible to borrow between GBP 30,000 and 250,000 with lending criteria based on net take home pay with current financial liabilities taken into account.
Source:http://www.shelteroffshore.com
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Alanya 
