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...
Estia
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...
Applications for Estia accepted from September 2
The labour ministry will start taking in applications for the state debt relief scheme, Estia, on September 2 as planned, Finance Minister Harris Georgiades said...
Estimates suggest 10,000 borrowers will benefit from Estia scheme
Eligible applications for the Estia debt-relief scheme are not expected to exceed 10,000, according to estimates from the labour ministry, which is involved in implementing...
House postpones crucial foreclosures vote despite top banker’s warnings (Update 2)
Parliament on Monday rejected one of two presidential vetoes relating to changes to foreclosures legislation, while voting to postpone voting on the other veto. In...
MoUs signed with banks ahead of Estia kick-off
The government on Friday signed a Memorandum of Understanding (MoU) with banks and credit buyers for the implementation of the Estia debt relief scheme, which...
President looking at foreclosures freeze after minister recommends veto
PRESIDENT Nicos Anastasiades was examining on Saturday, along with Finance Minister Harris Georgiades, the legislation approved by parliament on Friday to temporarily suspend foreclosures, the...
First steps taken in Estia debt relief scheme
The first steps have been taken to roll out the Estia debt relief scheme, although applications for the programme will not start until early September....
