Between 1939 and 1999 the North Anatolian fault (NAF) experienced a westward progression of eight large earthquakes over 800 km of its morphological trace. The 2000‐km‐long North Anatolian transform fault has also grown by westward propagation through continental lithosphere over a much longer timescale (∼10 Myr). The Sea of Marmara is a large pull‐apart that appears to have been a geometrical/mechanical obstacle encountered by the NAF during its propagation. The present paper focuses on new high‐resolution data on the submarine fault system that forms a smaller pull‐apart beneath the Northern Sea of Marmara, between two well‐known strike‐slip faults on land (Izmit and Ganos faults). The outstandingly clear submarine morphology reveals a segmented fault system including pull‐apart features at a range of scales, which indicate a dominant transtensional tectonic regime. There is no evidence for a single, continuous, purely strike‐slip fault. This result is critical to understanding of the seismic behaviour of this region of the NAF, close to Istanbul. Additionally, morphological and geological evidence is found for a stable kinematics consistent both with the long‐term displacement field determined for the past 5 Myr and with present‐day Anatolia/Eurasia motion determined with GPS. However, within the Sea of Marmara region the fault kinematics involves asymmetric slip partitioning that appears to have extended throughout the evolution of the pull‐apart. The loading associated with the westward propagation process of the NAF may have provided a favourable initial geometry for such a slip separation.