mortgage Archives - Page 2 of 2

4,000 households to benefit from mortgage to rent scheme

Potentially 4,000 households will benefit from the Mortgage to Rent scheme, the government’s latest lifeline for distressed borrowers to help them keep their homes, according to a Finance Ministry official. In comments

16th November 2022

Cyprus

New bank loans, mortgage rates rise

New loans approved by Cypriot banks rose by €217 million in September compared to August, driven upwards by corporate loans of over €1 mln, which rose by 127.6 mln. Furthermore, interest rates

3rd November 2022

Cyprus

EU blocks ‘generous’ mortgage-to-rent scheme

Brussels has told Cyprus to hold its horses over a fresh attempt to throw another lifeline to distressed borrowers to help them keep their homes and small businesses. Nicosia had been preparing

30th June 2022

Business

Beware banks reneging on mortgage deals

I have recently been dealing with a case where a banking institution in Cyprus has requested the client to repay his housing loan earlier or transfer his loan to another bank. The

28th January 2022

Business/Comment

Cyprus to expand mortgage relief scheme

Cyprus is looking into ways of expanding a relief scheme subsidising borrowers with toxic mortgages to cover borrowers who failed to make the first cut, as they were found unviable. Acting government

20th January 2021

Cyprus/Economy