Best Mortgage Lawyers in Istanbul

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Lexin Legal

Lexin Legal

1 hour Free Consultation
Istanbul, Turkey

Founded in 2018
12 people in their team
English
Turkish
Arabic
Russian
Italian
German
Kurdish
Armenian
Hebrew (modern)
Real Estate Mortgage Foreclosure +6 more
Lexin Legal is a law firm established by two founding partners, Onur Calisici and Oruc Aygun with the primary objective of providing legal services in an efficient and effective manner. Lexin legal’s international composition draws experts from a wide range of countries mainly including Turkey,...
TEKCE VISA
Istanbul, Turkey

Founded in 2019
25 people in their team
Turkish
Russian
Chinese
Spanish
English
German
Dutch
Swedish
Arabic
Persian
Polish
French
Real Estate Mortgage Real Estate Due Diligence +7 more
TEKCE VISA: International Legal Consultancy for Your New Life AbroadAt Tekce Visa, we understand that starting a new life abroad is more than just acquiring property-it's about building a new future. Our team of experienced lawyers provides comprehensive legal consultancy services, ensuring a...
Just & Fair Law Firm
Istanbul, Turkey

Founded in 2002
15 people in their team
English
Turkish
French
Arabic
Russian
Providing high caliber legal consultancy, mediation, arbitration, litigation and education services to domestic, regional and global companies, organizations, governments, NGO’s and individuals since 2002.The way we do business reflects the fact that we are, as a team of, a full service,...
Kaşlıoğlu Hukuk Bürosu
Istanbul, Turkey

English
Established in 1974 by Attorney İsmail Kaşlıoğlu, Kaşlıoğlu Hukuk Bürosu has been delivering comprehensive legal services for over four decades. Based in Istanbul, the firm collaborates with offices in Ankara, İzmir, Bursa, and Adana, as well as international associates, to provide a broad...
Miran Legal
Istanbul, Turkey

Founded in 2017
English
Established in 2017 by Attorney Mustafa Aksaraylı, Miran Legal has rapidly ascended to prominence within Turkey's legal landscape. Headquartered in Istanbul, with additional offices in Ankara and Izmir, the firm offers comprehensive legal services across more than 15 branches of law, catering to...
Gurcan Partners

Gurcan Partners

30 minutes Free Consultation
Istanbul, Turkey

Founded in 1999
100 people in their team
English
Gurcan Partners is a multinational law and consulting firm offering expert legal, corporate, and tax advisory services. Specializing in company formation and compliance, we provide tailored solutions while addressing critical topics like  gmbh ne demek to empower global businesses...
Salman Law Firm
Istanbul, Turkey

Founded in 2017
English
Salman Law Firm, based in Istanbul, Turkey, offers a comprehensive range of legal services to both domestic and international clients. The firm's practice areas encompass corporate and commercial law, criminal defense, family law, real estate, personal injury, and intellectual property. This...
Yalova Hukuk Bürosu
Istanbul, Turkey

English
Yalova Hukuk Bürosu has established itself as a distinguished legal practice in Turkey, offering comprehensive services across various legal domains. The firm is organized into specialized departments, each focusing on areas such as corporate law, commercial law, real estate law, family and...
Ülken Law Firm
Istanbul, Turkey

English
Ülken Law Firm, based in Turkey, is renowned for its comprehensive legal expertise and distinguished reputation in the region. With a specialization in both traditional law firm services and broader service establishment, Ülken Law Firm provides tailored solutions to meet a diverse array of legal...
ASLAN ATTORNEY

ASLAN ATTORNEY

15 minutes Free Consultation
Istanbul, Turkey

Founded in 2015
8 people in their team
English
Turkish
Russian
Italian
Aslan Attorney, founded by İbrahim ASLAN in 2015, continues its progress by adding new ones to its fields of work in accordance with the requirements of the current century, but it does not compromise its one-to-one communication with its clients and the philosophy of doing business in a boutique...
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About Mortgage Law in Istanbul, Turkey

In Turkey, mortgage law falls under the greater umbrella of real estate law. The mortgage system in Turkey operates via the Land Registry Office. When you take a mortgage on a property in Istanbul, the mortgage (or hipotek in Turkish) is registered with the property's title at the Land Registry Office. The property thus becomes collateral for the loan. It is crucial to understand the legislation and the fine print of your mortgage agreement to avoid potential legal issues. "

Why You May Need a Lawyer

Mortgage laws can be complex which may require the assistance of a lawyer. For instance, if you are purchasing a property in Istanbul and need a mortgage, an experienced real estate lawyer can help ensure all paperwork is completed correctly. A lawyer can also be beneficial in mortgage disputes. If you are facing foreclosure or if you believe your rights as a borrower have been violated, you may need a lawyer to represent you. Finally, navigating the complexities of translating and understanding the legal terms in Turkish can be overwhelming for foreigners. Therefore, hiring a lawyer with expertise in Turkish mortgage law might ease the process considerably.

Local Laws Overview

In Istanbul, a mortgage is registered in conjunction with the purchase of property, and the property can serve as collateral for the loan. However, under Turkish law, foreigners' (non-Turkish citizens) purchasing property cannot exceed 30% of the total land area of the locality where the property is located. Furthermore, properties located in military zones cannot be purchased by foreigners. There are also certain financial regulations for foreign currency mortgages that need to be considered. Istanbul's mortgage law also has regulations regarding interest rates, loan-to-value ratios, and debt-to-income ratios to safeguard the borrower’s rights.

Frequently Asked Questions

What will happen if I fail to repay my mortgage on time?

According to Turkish law, if you fail to repay your mortgage, the lending bank can start foreclosure proceedings to recoup their loan.

Can I get a mortgage as a foreigner in Istanbul, Turkey?

Yes, foreigners can get a mortgage for a property in Istanbul. However, there are some restrictions, including a limit on the total land area of the property.

Can the interest rate on my mortgage change?

Fixed and variable rates are both available in Turkey, so the rate may change if you have chosen a variable rate mortgage.

What is the typical length of a mortgage in Turkey?

The length of a loan in Turkey can vary significantly, but most residential mortgages typically run for 10 to 20 years.

What are the fees associated with getting a mortgage?

There are various fees, including appraisal fees, underwriting fees, closing fees, and administration fees. The exact amount can vary depending on several factors.

Additional Resources

You might want to consider consulting local real estate agencies or brokers who are familiar with the practices and laws of Istanbul. The Turkish Banks Association and the Real Estate Registry and Cadastre Directorate General are also valuable informational resources.

Next Steps

If you find yourself in need of legal assistance with a mortgage-related issue in Istanbul, the first step is to locate a proficient real estate lawyer. Find a professional who specialises in Turkish law, as they can offer useful advice regarding local regulations. It is beneficial to keep all relevant documents organized and on-hand for any meetings or consultations. Take note of any queries or concerns you have related to your situation as thorough discussions with your lawyer can result in the best possible outcome.

Lawzana helps you find the best lawyers and law firms in Istanbul through a curated and pre-screened list of qualified legal professionals. Our platform offers rankings and detailed profiles of attorneys and law firms, allowing you to compare based on practice areas, including Mortgage, experience, and client feedback. Each profile includes a description of the firm's areas of practice, client reviews, team members and partners, year of establishment, spoken languages, office locations, contact information, social media presence, and any published articles or resources. Most firms on our platform speak English and are experienced in both local and international legal matters. Get a quote from top-rated law firms in Istanbul, Turkey - quickly, securely, and without unnecessary hassle.

Disclaimer:
The information provided on this page is for general informational purposes only and does not constitute legal advice. While we strive to ensure the accuracy and relevance of the content, legal information may change over time, and interpretations of the law can vary. You should always consult with a qualified legal professional for advice specific to your situation. We disclaim all liability for actions taken or not taken based on the content of this page. If you believe any information is incorrect or outdated, please contact us, and we will review and update it where appropriate.