Our investors residing in Turkey and earning their income from Turkey can indeed obtain mortgage loans from the UK.
In the UK, not only banks but also private financial institutions commonly offer mortgage loans.
Those residing and working outside the UK are referred to as overseas customers. Financial institutions typically provide mortgage loans to these overseas customers.
What is Buy to Let? When is Buy to Let Mortgage Used?
Buy to Let refers to the purchase of real estate for the purpose of renting it out. In Buy to Let, it is expected that the investor will rent out the purchased property.
Buy to Let Mortgage, on the other hand, is a type of mortgage loan used for properties acquired for renting purposes.
In this type of mortgage, it is not necessary for the investor to have any regular income currently. The lending institution calculates the loan amount based on the expected rental income from the property. Depending on the individual's age and potential rental income, it is possible to obtain mortgage loans ranging from 40% to 75% of the property's value.