Property in Cyprus
Currently covers only Greek Cypriot residential property. Loans available for the majority of Nationalities for either House Purchase or remortgaging for other purposes including Home Improvements.

Property in Cuprus - Type of Loan: Repayment Mortgage only

Property in Cyprus - Minimum: £ 20,000 - no Maximum - and must not exceed 70% of valuation or purchase price (whichever is the lower)

Property in Cyprus - Proof of Income: required in all cases (can be made up of Earned Income, Pension, Investment or Rental Income. Please note however, it is not always the case that the Lender will take all or part of these Incomes into account when determining the maximum loan available). Non-Status loans are currently not available.

Term: Maximum 15 years in Cyprus Pounds (10 years in all other major Currencies) - up to age 70

Currency: Cyprus Pounds and all other Major Currencies, including Sterling, Euros, US Dollars and Swiss Francs

Current Variable Interest Rate is either Currently approx 7.25% in Cyprus Pounds or based on 2.00% above LIBOR for all other major Currencies.

Property in Cyprus - Example: For a Sterling Mortgage of £50,000 over a period of 15 years at an interest rate of approx. 6.75% = approx £450.50 capital and interest per month = a total approximate amount payable over the term of £83,090 including capital, interest, arrangement and survey fees.

CLICK HERE for an enquiry form for property in Cyprus