Our Expat Mortgage

Senilk Real Estate Consultancy is delighted to present an incredible opportunity for international passport holders and Turkish Cypriots to turn their dream of owning a home in the Mediterranean into a reality with our Expat Mortgage.​

Foreign passport holders can access mortgages with flexible tenure of up to 120 months, accompanied by competitive interest rates ranging from 3% to 7%. We can offer our valued customers, a specific product in order to help them purchase properties in the Turkish Republic of Northern Cyprus (TRNC).

The oversea mortgage is bringing you closer to your dream home.

Thanks to the local banks and financial institutions that forged partnerships with Senilk Real Estate Consultancy, the most well-established property experts in the country, you can apply for this service. As real estate developers, we are pleased to help you start your life in Nothern Cyprus, which might be considered as a retirement home or just to spend the summertime in this beautiful country.

We aim to create an understanding of our customers, which is why we know how difficult it can be to establish a new life, especially in a different country. We, as experts, can guide you through every step, leading to a successful and smooth process before and after the purchase.

Key Features:

  1. Accessible to All Nationalities: Applications are available to international passport holders and Turkish Cypriots, making homeownership in North Cyprus a possibility for everyone.
  2. No Guarantor Required: We understand the challenges expatriates may face in securing guarantors. With an expat mortgage, you can acquire your dream home without the need for a guarantor.
  3. Flexible Repayment Options: Enjoy a 50% mortgage with up to 10 years of repayment options. This flexibility ensures that your mortgage plan aligns with your financial situation and goals.
  4. Valuation Based on Sale Value: The valuation of your property will be based on its sale value, providing a fair and transparent assessment.
  5. Government-Approved Valuation: Rest assured that your property valuation will be conducted by a government-approved real estate company, ensuring accuracy and reliability. The associated fee will depend on the value of the property.
  6. Proof of Income: We accept proof of income from your country of residence, making it convenient for expatriates to fulfill this requirement. Whether it’s a salary slip, stocks, shares certificates, bonds, savings accounts, or rental income, we consider various sources.
  7. No Early Redemption Penalty: Senilk Real Estate Consultancy values your financial flexibility. The expat mortgage comes with no early redemption penalty, allowing you to settle your mortgage at your convenience.
  8. Comprehensive Insurance Coverage: Mandatory life and property insurance are included in the costs, providing you with added security and peace of mind.
Top tips: How to apply for a joint mortgage in Northern Cyprus.

Required Documents:

To streamline the application process, we require the following documents:

  • Passport and/or ID card
  • Proof of address
  • Proof of income (e.g., salary slip, stocks or shares certificates, bonds, savings accounts, rental income, etc.)
  • Tax certificate (where applicable)
  • 6 months bank statements
  • An online credit report (UK) may also be required
  • For customers with a private pension, a statement from the pension company is required
  • For those on a state pension, a 12-month bank statement is required.

Don’t miss this unique opportunity to make your dream home in North Cyprus a reality! Many financial institutions and banks in Northern Cyprus, have been actively promoting mortgage options for expatriates seeking to own property in Northern Cyprus.

Some local banks such as Creditwest Bank, İşbank, Akfinans Bank, Halkbank, Türk Ekonomi Bankası (TEB), etc are committed to providing flexible and tailored financial solutions to help you achieve your homeownership goals.

Contact us today at +905338502662 to learn more about our Expat Mortgage and take the first step towards securing your dream home in the Mediterranean.

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