BRSA updated the credit limit and collateral rates. The upper limit for the lowest collateral rate in housing purchases has been increased.
Banking Regulation and Supervision Agency (BDDK) will be able to benefit from the purchase of first and second hand houses. limit of credits updated. In addition, for home purchases on credit collateral rates renewed.
The house price limit at which the lowest collateral can be benefited from in the houses, From 2 million TL to 5 million TL raised. The margin rates were arranged as follows:
Maximum loan amount for first-hand houses:
With the new update, a down payment of 10% to 20% will be paid depending on the energy class of the house for first-hand houses with a value of 5 million TL or less. For residences worth 20 million TL or more, this rate will be at least 50% and at most 60%.
| Housing value | Class A | class B | Other |
|---|---|---|---|
| Below 5 million TL | 90% | 85% | 80% |
| 5-10 million TL | 80% | 75% | 70% |
| 10-20 million TL | 70% | 65% | 60% |
| over 20 million TL | 60% | 55% | 50% |
Maximum loan amount for second-hand houses:
The regulation also included changes in the coverage limits of second-hand houses. The highest loan amount in second-hand houses, which is now less than 1 million TL, regardless of energy class up to 90% of the property value.
| Housing value | Class A | class B | Other |
|---|---|---|---|
| Below 1 million TL | 90% | 90% | 90% |
| 1-2 million TL | 70% | 65% | 60% |
| 2-5 million TL | 60% | 55% | 50% |
| Over 5-10 million TL | 3 million TL | 2.75 million TL | 2.5 million TL |
What is residential energy class?
The energy class in residences is determined by measuring the building’s energy need, consumption, insulation properties, and the efficiency of the heating or cooling systems. Every building constructed must have an Energy Identity Certificate, which determines the energy class by law.
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Source :
https://www.bloomberght.com/bddk-konut-kredisinde-limitleri-guncelli-2325900