Mortgages and Property

Cyprus

Cypriot Mortgages for purchasing a property in Cyprus - rates from approx 5.20% in Euros

Currently covers only Southern Cyprus residential property

If you are considering purchasing a property in Cyprus, Cypriot Mortgages are available for the majority of Nationalities for either House Purchase or re-financing for other purposes including Home Improvements.

Type of Cypriot Mortgages: Repayment & Interest only

Minimum: £ 30,000 - Maximum 80%. All loans baed on the valuation or purchase price - whichever is the lower.

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 40 years in Cyprus Pounds, 25 years in all other major Currencies - up to age 70

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

Current Variable Interest Rate is from approx 1.75% above LIBOR (discount schemes for the first two year's possibly available). Alternatively loans from approx 6.00% in Cyprus Pounds

Example Cypriot Mortgage: For a Euro Mortgage of €70,000 over a period of 15 years at an interest rate of approx. 5.20% Variable = approx €423.00 capital and interest per month = a total approximate amount payable over the term of €129,780 including capital, interest, arrangement and survey fees.

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