Welcome to the Turkish Mortgage Centre (TMC)
Building Trusted Relationships is Building Our Business

The following advice has saved TMC clients hundreds, thousands, and hundreds of thousands.... Three minutes of your time is a small price to pay to protect your investment capital. Please read on....

Our mission at TMC is not to sell property, not to sell mortgages, nor to tell you whatever it is you want to hear, in order to part you with your money. Regrettably, that is exactly what you will encounter most of the time, especially if you have been using an internet search engine for your research...the pirates are there, waiting for you....

Obtaining a mortgage in Turkey is complicated- anyone telling you differently is either misleading you or doesn't know themselves. This is the reality - at Turkish Mortgage Centre we manage the complications from start to finish - right through to title transfer and payment of the loan proceeds to your developer.

Please read on....

Warning signs to avoid:

Beware ANY "guaranteed loan offer" - simply go elsewhere. .

Beware advice that misleads you with assurances that a "decision in principle", "offer in principle" or "conditional loan offer" will result in a mortgage - or guarantees you a mortgage (it does NOT) - this is only the first step - and most Turkish mortgages failures occur near the end of the process.

Beware brokers quoting you interest rates in one currency and repayment amounts in another.

Beware any UK overseas mortgage broker that assures you with claims that they are regulated by the FSA, AIPP, etc- Turkish mortgages are overseas mortgages and are unregulated, even if the broker itself is regulated by the FSA for UK mortgages.

Beware promises of off-plan finance - ask for the name and contact details of the lender.

Beware brokers requesting large sums in payment of valuation fees.

Beware promises of excellent interest rates and LTVs and low or no fees - such promises are rarely fulfilled.

Beware an insistence to make a down payment or pay a reservation deposit before having the property title deeds checked (Ask TMC to check).

Beware solicitors referred by the seller or his agents, and likewise beware the contracts offered.

Beware Power of Attorney contracts that authorise your lawyer or some other third party to generally place a mortgage on your property, open a bank account in your name, take money out of your bank account, and generally do as they please with your bank account ad infinitum.

Mortgage Closing Actions: Obtaining a mortgage in Turkey is complicated- anyone telling you differently is either misleading you or doesn't know themselves. This is the reality - at Turkish Mortgage Centre we manage the complications from start to finish - right through to title transfer and payment of the loan proceeds to your developer.

Turkish Mortgage Centre manage all Mortgage Closing Actions and are the only organisation with the complete range of in-house services to get the job done - in the UK such procedures are standardised for banks, solicitors, and developers to proceed reasonably smoothly - but not so in Turkey- the details of each step of the process need to be managed to avoid risks.

Mortgage Doctor: Every week TMC receive dozens of enquires from foreign property buyers that encounter various problems with UK based overseas mortgage brokers, Turkish banks, agents, developers, and solicitors. Be warned, once you have been mired in a problem with a UK based overseas mortgage pirate, your application is unlikely to receive a second look by a credible PRIME mortgage lender. We have listened to several horror stories of how clients that had received mortgage offers, at the last minute failed to obtain their mortgages or received something different than they had been informed at the outset:

Mr B: "...we found a property and thought we had a good mortgage broker and after paying them we found out that they have gone into liquidation."

Mr. S: " ...the mortgage broker arranged a loan with a bank, but then for some reason that has never been explained, neither of them could get the loan put on the property."

Mr. U: "...I received my mortgage offer but then the bank wouldn't release the mortgage unless I paid them £2,000 to open a bank account, and between the bank and the developer they could not agree how to transfer the property, put on the mortgage, and pay the mortgage money..."

Mr. V: "...I got to the bank just now to finalise everything and get the money and the bank are now saying they have to deduct £5,000 tax and £1,000 fees from the mortgage money...!"

Several People: "...I gave a power of attorney to a solicitor and instead of getting a mortgage at 7% they signed me onto a mortgage at 12% without telling me..."

BEWARE: The Track Record of UK Overseas Mortgage Pirates in Turkey
   ● Four UK based overseas mortgage brokers have gone into liquidation or been sold because of financial problems resulting from their inability to cope with the challenges of doing business in Turkey
   ● A different three UK based overseas mortgage brokers have closed down and don't answer their phones from time to time after being hounded by clients for misleading practices and failures in Turkey
   ● Every six months there are two or three new UK based overseas mortgage brokers entering the Turkish market, and six months later the results are the same - there are now more than a dozen UK overseas mortgage brokers that started doing business in Turkey but no longer do so actively - because the mortgage business in Turkey is not as simple or standardized as they were expecting...and they do not have the local knowledge, skills, or experience to cope.

Many of these brokers provide a credible service in other markets and their web pages still appear on internet Search Engines....

AND they will still take your money for a Turkish mortgage application!!!!

Turkish Mortgage Centre (TMC) What We Do: For international buyers of Turkish property, our mission at Turkish Mortgage Centre is to obtain the best mortgage terms available for each specific case at the lowest cost and with the least risk. There is no comparable service available - if you definitely want a mortgage for a Turkish property now, please follow the next step by clicking here.

Our mission at TMC is not to sell property, not to sell mortgages, nor to tell you whatever it is you want to hear, in order to part you with your money. Regrettably, that is exactly what you will encounter most of the time, especially if you have been using an internet search engine for your research. Every week we assist dozens of property purchasers that have fallen victim to misleading sales tactics of UK based overseas mortgage brokers, developers, agents, and solicitors. We alerted you to some of these hazards above. Why do we do this? We do this because the investment merits of Turkey speak for themselves - there is no need for unscrupulous business practices- instead, such practices undermine the integrity of the market, merely for the short term gain of opportunistic pirates looking to part you from your funds.

We believe that everyone concerned would benefit from obtaining all the information needed to be fully informed, in order to make fully informed decisions. This is important because mortgage finance in Turkey is not as simple as in other countries- and UK overseas mortgage pirates do not have the knowledge of Turkish construction permitting, zoning regulations, property law, contract law, mortgage law, banking procedures, cross border tax documentation, anti-money laundering regulations, land registry procedures, local language skills, and local knowledge generally, to get the job done. What they do have in abundance are FLASHY WEBSITES, slick gimmicks, and sales tricks, all designed to part you with a small sum which leads to a larger sum, for doing less than half the job. This is the experience of 90% of the problem cases that arrive knocking at the door of the Turkish Mortgage Centre for help after they have been "ripped off" by UK Overseas mortgage pirates with colourful websites and over confident sales persons.

TMC provide the trusted advice necessary for you to achieve your goals- both lifestyle and financial. TMC are the only organisation in Turkey with the complete range of services to deal with all aspects of your property purchase and financing requirements from start to finish.

Why do you need to be fully informed? Because purchasing property in a foreign country has it's complications- and Turkey is no different- any one telling you otherwise either doesn't know themselves, or is intentionally misleading you. We will do neither- but we will ensure you receive the expert advice you will need, and we will also manage the complications from start to finish- which entails much more than obtaining a mortgage offer- that is the easy part...many of the the complications set in afterwards, and there are many things remaining to be done before the mortgage monies are paid to the developer and your purchase of the property is complete.

UK based overseas mortgage brokers will claim that they deal with All Turkish banks or other such nonsense- the reality is that usually they deal with only one bank. What happens if that bank raises their interest rates or withdraws from the market before your mortgage is paid? Well that is exactly what happened in October 2008- and some 150 foreign property purchasers were left without a mortgage, double fees, 9 months delays, or stuck with 12% subprime mortgages- all because UK overseas mortgage pirates do not know their way around the Turkish banking system.

TMC is the only organisation to have worked with multiple banks- 14 at last count since 2007 for residential mortgage finance- the Principals of TMC have been arranging finance with and for Turkish banks since 1984. If one bank fails to deliver, we have alternative lenders, and in specific cases will lend directly.

Building Trusted Relationships is Building our Business. The breadth and depth of advice you will receive from the experts at TMC is simply not available anywhere else in the market- not even at top tier corporate law firms, accounting firms, or institutional real estate services firms. We know, because most if not all of these leading firms have acted under our instructions at some time during the past 25 years, and there is not one such firm that has an investment and financing track record comparable to that of the Principals of TMC.

The team at TMC have been serving the professional international investment community - the largest and most reputable institutional fund managers from Europe, the USA, and the Gulf - for over 25 years in Turkey. (You may read similar things on the websites of the UK Overseas mortgage pirates, but like so much else concerning Turkish mortgages, it has simply been copied from TMC). TMC is the largest, oldest, and leading source of cross border real estate finance in Turkey. Our Principals completed their first cross border financing with a Turkish Bank in 1984. Since then we have advised the largest private equity firms and fund managers on investment in Turkish real estate totalling more than USD 8 billion. We have advised emerging markets fund managers on the purchase of Turkish banks, advised Turkish banks on their acquisition by foreign banks, and advised Turkish banks on their risk and credit policies, product development, and training programs.

Turkish Mortgage Centre...One Source...Every Turkish Mortgage....

The Turkish Mortgage Experts....

There is no comparable service available - if you definitely want a mortgage for a Turkish property now, please follow the next step by clicking here.