Everyone deserves a home of their own!
With an HSBC Mortgage, you can own the home of your dreams.
For
your mortgage sales to overseas buyers, HSBC offers you the best
practices of mortgage loan with a great variety of products and
highly competitive interest rates.
Primary
Features
-
HSBC Bank
Mortgage is extended for completely constructed houses in either
New Turkish Lira (YTL) or foreign exchange indexed (USD/EUR/GBP).
-
The minimum
mortgage amount is YTL 50.000 or its equivalent in fcy.
-
In case a
valid credit bureau report is submitted 65%; if no report
available, 50% of valuation of property would apply for both YTL
and fcy-indexed mortgages.
-
The
transaction for the 35% down payment that the customer will make
towards the property, should be through the lending HSBC Branch.
-
The maximum
loan amount would be USD 500.000, YTL 750.000 or its fcy
equivalent.
-
HSBC Bank
Mortgage terms are up to 10 years for both YTL and FCY indexed
loans
Advantages
·
Wide range of maturity preferences.
·
Competitive pricing.
·
Easy repayments: direct debit
·
HSBC Bank Mortgages provide the advantage of Personal Accident
Insurance that makes credit terms easier and decreases insurance
costs.
How to apply
Applications can
be made only in Turkey via HSBC Bank Branches or HSBC Bank Telephone Banking on
4440111 (lines are open for 24 hours) for further information.
Required
Documents
-
Application form
-
Proof of identity and residency (only for resident in Turkey).
As a proof of residency, a copy of the utility bills (water, gas,
electricity or land-line telephone) should be obtained.
-
A
copy of the deed for the house to be purchased.
-
Income Statement.
-
Tax identity number.
-
Military Clearance (not required for application, but critical
for title-deed assignment).
Power of attorney would be required for loan extension; application
forms, agreements and all related documentation would be arranged by
proxy.
Evidence of income and employment:
-
3
months' Bank Statements showing the receipt of income
-
P60 (the tax statement showing income and amount of tax paid
for UK citizens)
-
List of all other income
-
List of all fixed or regular outgoings (mortgages/ loan
repayments etc).
-
List of credit card Balances
Household income would also be taken into consideration in the
affordability calculation
Self-Employed People:
-
Credit Check
-
Bank statements
-
List of Outgoings and Accountant's Certificate confirming the last 3
years' profits and that the company is currently solvent and
trading.
Conditions for Property
-
Owner occupied residences / secondary residences that are fully
completed.
-
Properties should be in well-known touristic places or prime
locations.
-
Commercial or industrial properties are out of scope.
-
Valuation by fully qualified and reputable independent appraisers.
Additional Documentation may be required for developers such as:
-
Shareholding in company
-
Company accounts
-
Company history
-
Building permissions
-
Architects drawings etc.
Fixed Rate Mortgages with capital re-payment option:
Payments unchanged: The monthly payment stays the same during the
full term, irrespective of changes on the board rates.
Interest and capital repaid: The payment each month covers the
interest and some of the capital borrowed.
YTL Interest Rates (p.m.)
|
Loan terms - months |
1-12 |
13-36 |
37-60 |
61-120 |
|
Rates |
1.67% |
1.53% |
1.46% |
1.43% |
FX Indexed Interest Rates (p.m.)
|
Loan Terms
Month |
USD |
EUR |
GBP |
|
1-6 ay |
0.57% |
0.49% |
0.65% |
|
7-12 ay |
0.57% |
0.51% |
0.66% |
|
13-18 ay |
0.58% |
0.53% |
0.67% |
|
19 - 24 ay |
0.58% |
0.54% |
0.67% |
|
25 - 36 ay |
0.60% |
0.55% |
0.69% |
|
37 - 48 ay |
0.61% |
0.57% |
0.70% |
|
49 - 60 ay |
0.63% |
0.59% |
0.71% |
|
61 - 84 ay |
0.66% |
0.62% |
0.73% |
|
85 - 120 ay |
0.69% |
0.64% |
0.75% |
Calculated
Monthly Payment Plan For 60 Months and 120 Months
|
Loan Terms
Month |
100,000 USD |
100,000 EUR |
100,000 GBP |
|
60 months |
2,018 |
1,983 |
2,052 |
|
Total Payment |
121,129 |
119,075 |
123,205 |
|
|
|
|
|
|
120 months |
1,240 |
1,196 |
1,266 |
|
Total Payment |
148,960 |
143,616 |
152,062 |
Booking/Credit
Report Fee:
2% of loan
amount (Min. YTL 500)
Valuation/Expertise Fee:
0.6% of loan
amount (Min. YTL 400 / Max. YTL 500)
Mortgage Loan with Restructuring Guarantee option:
Mortgage loan with restructuring guarantee is the option in which
interest rates decrease each year irrespective of the market
conditions. This option can only be extended in local currency(TRY).
|
Loan Terms(Year) |
1 |
2 |
3 |
4 |
5 |
6 |
7 |
8 |
9 |
10 |
|
Rates |
1,67% |
1.57% |
1.49% |
1.41% |
1.33% |
1.28% |
1.20% |
1.12% |
1.04% |
0.89% |
Booking/Credit
Report Fee:
1.5% of loan
amount up to 84 months and 3% of loan amount btw. 85-120 months
(Min. YTL 500)
Valuation/Expertise Fee:
0.6% of loan
amount (Min. YTL 400 / Max. YTL 500)
Mortgage Loan with Discounted Rates
Mortgage Loan with Discounted Rates is the option in which by the
prepayment of an extra commission(btw. 1% - 5%), discounted interest
rates are offered to the customers. This option can only be extended
in local currency(TRY).
|
Loan terms- months |
Commission rates |
|
1% |
2% |
3% |
4% |
5% |
|
6 |
1.27 |
0.98 |
0.68 |
0.38 |
0.08 |
|
12 |
1.38 |
1.22 |
1.05 |
0.89 |
0.72 |
|
18 |
1.40 |
1.29 |
1.18 |
1.06 |
0.95 |
|
24 |
1.41 |
1.32 |
1.23 |
1.15 |
1.06 |
|
36 |
1.41 |
1.34 |
1.28 |
1.22 |
1.16 |
|
48 |
1.40 |
1.34 |
1.29 |
1.24 |
1.19 |
|
60 |
1.39 |
1.33 |
1.29 |
1.25 |
1.21 |
|
84 |
1.38 |
1.33 |
1.28 |
1.25 |
1.22 |
|
120 |
1.39 |
1.35 |
1.30 |
1.25 |
1.19 |
Booking/Credit
Report Fee:
1% of loan
amount (Min. YTL 500)
Valuation/Expertise Fee:
0.6% of loan amount (Min. YTL 400 / Max. YTL 500)
Guarantees & Collaterals
-
Mortgage,
-
Home
Insurance,
-
Compulsory
Earthquake Insurance
-
Personal
Accident Insurance*
Insurance
premiums are paid by the customer and subject to change according to
terms and conditions of the loan.
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