Kalkan Villa for a Family from the West Midlands
$285,000 · 10 years · 8.50% fixed. A family from the West Midlands had been renting the same Kalkan villa annually and decided to purchase it directly from the owner.
The Client
UK Residents - Holiday Home
The Challenge
A family from the West Midlands had been renting the same Kalkan villa annually and decided to purchase it directly from the owner. Turkish property purchases by UK nationals require a military clearance (tapu check) and a Turkish tax number. Most UK lenders have no Turkish product.
Our Solution
Doulton arranged a foreign currency mortgage in USD through a Turkish bank with an international lending programme. The military clearance and tapu (title deed) check were managed by a local Türk lawyer. The family's UK income was fully accepted. The conservative 50% LTV reflected currency risk.
The Outcome
Villa purchased with clean title confirmed. Annual family holiday home secured. Turkish tax number obtained enabling property ownership registration. Military clearance completed without issue. Key highlights: Military clearance and tapu check fully managed; USD mortgage - currency risk managed with conservative LTV; Turkish tax number obtained for UK national.