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Cyprus Mortgage Rates – Up to Date Information. On this page you’ll find up-to-date information about Cyprus mortgage rates, as offered by the Bank of Cyprus, Alpha Bank, Marfin Laiki Bank and the Hellenic Bank.
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I bought a property in Northern Cyprus where their legal system is based on UK law. The builder took out a mortgage on the land after I had been given the keys, taken possession and moved furniture in. The bank says their mortgage takes preference to my contract.
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A mortgage up to age 80 Some lenders, such as National Counties building society, already offer products aimed at the retirement market. In 2013 the building society launched an eight-year fixed-rate.
Cyprus Property – Repossession Procedures. by Jimmy (UK) I have recently been delivered a new property in Cyprus but due to the value of Sterling and the collapse of other investments I had in place to pay for the mortgage (from a Cypriot bank) I find it difficult to repay the mortgage installments.
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Even if your home is well-maintained, the bank might determine the value of your home in function of the real estate market, which could make you less likely to get your second mortgage. Get advice from friends and family when contemplating a Northern Cyprus Home Mortgage. You will likely learn a lot from their prior experience.
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Getting A Mortgage In Southern Cyprus. Building societies don’t exist in Cyprus, so your only choice is the banks, which all offer mortgages. As Cyprus is a member of the EU, there are not too many obstacles to getting a mortgage – typical mortgage terms might be: 30% minimum deposit; Mortgage term of up to 15 years, or until your 65th birthday