Home Buyers Beware! BRSA Home Loan Decision

According to the statement published on the BRSA website, within the framework of coordinated macro-prudential measures to strengthen financial stability, the mortgage loan value ratio will be reduced by 75 percent if the consumer owns at least one home. , your spouse or your children. under 18 years of age in the purchase of a second and subsequent homes.

According to the decision, those who buy a house worth 5 million Turkish liras as a second property title will be able to extend 22.5 percent of the value of the house.

A 150 percent risk weight instead of a 35 percent risk weight (calculated using the standardized approach) will be applied in the capital adequacy calculation for residential real estate mortgage-backed loans to be used with in order to purchase homes.

There will be no change to loan value ratios on first home purchases. (AA)