‘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...
Estia
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...
70 per cent of mortgage relief cases processed
Banks have processed around 70 per cent of 6,442 applications in a state-backed mortgage relief scheme to the labour ministry, it emerged on Monday. Head...
1647 Estia applications, 350 rejected
To date, 1,647 borrowers have applied to be included in a state-backed mortgage relief scheme, with 350 already rejected, it emerged on Thursday. According to...
Applications for mortgage relief scheme tops 1000
By August 5 banks had received 1,132 duly completed applications for the Estia mortgage relief scheme, of which 220 were rejected by the ministry of...
Applications for mortgage relief scheme well below expectations
Opposition MPs on Monday panned the administration over the public’s meager interest in a state-backed mortgage debt relief scheme, and warned that thousands of distressed...
Mortgage relief applicants hit 50 per cent of those eligible
More than 5,400 people have now applied for the state mortgage debt relief scheme, representing some 50 per cent of those eligible, Finance Minister Constantinos...
Estia application deadline loosened
Applications for the Estia programme will be accepted until December 31 – even with incomplete details, according to an announcement made by the finance ministry...
Home owners association leaps to defence of Estia scheme
After the slow take up of the Estia mortgage relief scheme, the First Home Protection Association issued an announcement on Tuesday to try and correct...
Banks’ chief says Estia mortgage scheme will need thorough rethink
DEBTORS’ interest in a government-backed mortgage relief scheme has been underwhelming, the governor of the Central Bank of Cyprus said on Thursday. Speaking in parliament,...
Cabinet extends deadline for mortgage relief scheme
The cabinet on Wednesday extended the deadline for applications for the ‘Estia’ mortgage relief scheme as submissions have so far failed to meet the expectations....
Trickle of applicants for mortgage relief scheme but thousands were expected
Only about 100 fully completed applications have been submitted so far by individuals for the ‘Estia’ mortgage relief scheme, a far cry from the theoretically...
Complex application process stymying mortgage relief scheme
The Estia mortgage-relief scheme appears to be moving at a snail’s pace as most applications filed are incomplete while not a single application has yet...
Supreme Court won’t vote on contentious bills until next year
The supreme court on Tuesday set March 3, 2020 as the date on which it will hear arguments for and against the president’s veto of...
Land registry pledges speed on Estia applications
THE land registry will not delay any procedures related to the Estia debt-relief scheme, the organisation’s head, Andreas Socratous said on Thursday. Socratous gave reassurances...
Finance minister to brief MPs on Estia, foreclosures
Finance Minister Haris Georgiades will inform the House finance committee on Monday about the Estia scheme to help those with non performing home loans as...
Georgiades reminds borrowers that Estia scheme begins Monday
Finance Minister Harris Georgiades on Sunday urged any homeowners who believe they are eligible for the debt-relief scheme Estia to submit their applications as of...