Best Mortgage Lawyers in Istanbul

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Oran Partners

Oran Partners

1 hour Free Consultation
Istanbul, Turkey

Founded in 2016
10 people in their team
English
Turkish
Oran Partners stands out as the only law firm in Turkey focused entirely on medical malpractice. Our team of committed trial lawyers specializes in representing international individuals affected by medical negligence and their families. We bring a wealth of insight from both the medical and legal...
TEKCE VISA
Istanbul, Turkey

Founded in 2019
25 people in their team
Turkish
Russian
Chinese
Spanish
English
German
Dutch
Swedish
Arabic
Persian
Polish
French
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...
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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)
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,...
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BAL Law Firm

BAL Law Firm

1 hour Free Consultation
Istanbul, Turkey

Founded in 2016
10 people in their team
Turkish
English
We are a independent Turkish law firm based in Istanbul, providing a wide range of legal services to individuals, institutions, and companies. As attorneys at BAL Law Firm, we offer solution-focused and creative approaches to our clients, thanks to our extensive years of experience. Our goal is to...
BAİC Hukuk Bürosu
Istanbul, Turkey

Founded in 2008
English
Established in 2008 by Attorneys Mehmet Murat İsen and Güngör Ciğerli in Istanbul, BAİC Hukuk Bürosu has rapidly become one of Turkey's leading law firms, particularly in litigation and enforcement (collection) matters. The firm offers high-level legal consultancy services to a diverse...
C&B Law Firm

C&B Law Firm

15 minutes Free Consultation
Istanbul, Turkey

Founded in 2013
4 people in their team
Turkish
English
C&B Law Firm; It is an independent law firm based in Istanbul. We offer legal consultancy services to our clients at the highest standards with our knowledge and experience and wide areas of expertise. As a law firm in Turkey, we provide support to companies in merger and acquisition processes,...
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...
Akran Hukuk Bürosu
Istanbul, Turkey

Founded in 1970
English
Akran Hukuk Bürosu, established in the early 1970s by Avni Akran, former President of the Bar and Delegate of the National Bars Association, has been delivering tailored legal services to both local and international clients for over five decades. Under the leadership of Çağatay Hüseyin Akran...

Founded in 2023
English
HHK Hamzaoglu Hamzaoglu Kinikoglu is an Istanbul-based law firm specializing in technology law. The firm offers comprehensive legal services in areas such as data protection and privacy, technology, media and telecommunications, intellectual property, regulatory compliance and public policy,...
Lex Lata Consulting & Law
Istanbul, Turkey

Founded in 2022
3 people in their team
Turkish
English
Russian
Arabic
Armenian
Chinese
Bulgarian
Croatian
Finnish
French
Greek
German
Georgian
Hebrew (modern)
Italian
Norwegian
Romansh
Polish
Spanish
Lex Lata Consulting and Law Firm, stationed in Istanbul, Turkey, emerges as a leading entity dedicated to offering nuanced legal and consulting services in international law among other legal realms. Their mission orbits around empowering both local and multinational corporations in navigating...
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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.