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Funding

MORTGAGES

General

A property buyer can apply for a mortgage from a Cypriot Bank or a Financing Institution for his/her property purchase.
Banks can finance from 70% of the property purchase price.
Banks in Cyprus do offer different types of mortgages on different currencies.

Repayment Mortgage

 
The repayment mortgage is a mortgage where the applicant/buyer has to start paying the mortgage instalments back to the Bank immediately after the full implementation and disbursement of the total mortgage amount. For this mortgage type each instalment is a fixed amount (interest and capital) that has to be paid on a monthly basis until full repayment of the mortgage amount to the Bank.

Currency Options

An applicant/buyer can apply for a mortgage in the following currencies:

USD – US DOLLARS
GBP – BRITISH STERLING POUNDS
CHF – SWISS FRANKS
EUR – EURO

The interest rates are variable and they are always depended on the currency and the time of the application. Each applicant/buyer can have specific information on this topic upon the application by an Expert Financial Advisor that our Company provides.

NOTE: The above information is given without prejudice since it has been acquired via third parties i.e banks and financial institutions and it is based on the current Cyprus Legislation and on the rules of the Cyprus Central Bank. The information is subject to changes by the appropriate authorities without prior notice. Please confirm the applicability of the information prior of the mortgage application.