Mortgage to rent scheme for distressed borrowers moves ahead
The mortgage to rent scheme is moving forward as state-owned asset management agency Kedipes, the finance ministry, banks and the EU are finalising the details,...
Estia
Lenders told not to foreclose on properties if Estia approval still pending
The financial ombudsman has advised banks and credit-acquiring companies to refrain from foreclosing on mortgaged properties before the definitive conclusion of procedures within the Estia housing...
EU Commission expected to green-light ‘mortgage to rent’ scheme
The government anticipates that the European Commission will soon give it the green light to roll out the ‘mortgage to rent’ scheme. Speaking to the...
Mortgage-to-rent scheme planned to help vulnerable borrowers
The government will formally seek approval from the European Commission later this year to transform the successor entity to the failed co-op bank into an...
Ministry of finance in consultations soon with stakeholders about 780 Estia applicants
The ministry of finance is at an advanced stage and is expected to begin consultations among stakeholders (banks and the Cyprus Asset Management Company Ltd)...
‘Government narrow-mindedness behind low Estia uptake’
A pro-debtors group on Tuesday blamed the government for the low uptake for the Estia debt relief scheme, saying the red tape involved disqualified many...
Only ten Estia applications left to process from over 6,000
Only ten applications remain to be examined under the Estia programme to assist distressed mortgage holders, it was reported on Sunday. Total applications for Estia...
700 borrowers deemed non-viable for loan subsidisation under ESTIA scheme
A total of 700 borrowers with non-performing loans (NPLs) amounting to about €173 million were deemed non-viable for loan subsidisation under the Estia scheme, sources...
Finance ministry identifies unviable borrowers
The finance ministry has so far identified 700 unviable cases rejected by a state-backed mortgage relief scheme aimed at stricken borrowers and will be looking...
First state installment for Estia scheme this month
The government this month will pay the first installment as part of a state-backed mortgage relief scheme designed to help stricken borrowers, officials said on...
