Consent of all co-owners required for release from mortgage
A mortgage is a charge placed on immovable property by its owner to secure a sum of money or an obligation from a mortgage creditor. While in the case of ...
Govt ‘on right track’ to solution on ‘trapped’ property owners
The government is on the right track to be able to solve problems faced by Cyprus’ estimated 9,497 “trapped buyers”, interior ministry permanent secretary Elikkos Elia said on Wednesday.
Speaking after ...
Mortgage of a share of a plot
The mortgage burdens the share of the plot and the building and not the apartment
During the construction of apartment buildings, in their attempt to sell apartments, developers often facilitate ...
Mortgage-to-rent scheme comes into effect December 4
The mortgage to rent (MtR) scheme for vulnerable lenders will come into effect on December 4, finance ministry permanent secretary George Panteli said on Friday, presenting the scheme at a press ...
Discharge of a mortgage
The court has power to issue an order for the cancellation of a mortgage when the obligation secured has been paid off or ceased to exist
A mortgage creditor has ...
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 assistance numbered 6,393 concerning loans worth ...
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 at ways to help them keep ...