Debt-relief scheme will not cover those who are servicing loans says minister
The government said Monday that the Estia debt-relief scheme will apply only to distressed borrowers, excluding those who are able to pay off their loans....
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Official launch of Estia scheme to help home owners in arrears
The mortgage-relief scheme Estia for struggling home owners was officially launched on Monday with the opening of applications for the scheme which will be accepted...
MPs to expand loan facilities of Housing Finance Corporation
Legislators on Monday reiterated their intention to expand the scope of the Housing Finance Corporation (HFC) so that it can provide loans to small businesses...
March launch for Estia debt relief scheme
A government debt relief scheme for vulnerable homeowners will be officially launched in March, a senior finance ministry official said on Wednesday. At a first...
Thousands want to take part in Estia home-loan relief scheme
Almost 3,000 customers of the Bank of Cyprus (BoC) have expressed interest in benefiting from the Estia debt-relief scheme for vulnerable homeowners, reports said on...
Top official raises doubts over Estia loan repayment scheme
The state aid watchdog said on Wednesday that a debt relief scheme for vulnerable homeowners was unfair and an indirect subsidy to banks. State aid...
House to postpone discussion of pre-2014 mortgage bill
The House finance committee on Monday said it would for the time being sit on a bill proposing that mortgages granted prior to passage of...
Bill seeks to exempt pre-2014 mortgages from foreclosure laws
Banks may be required to raise additional capital should a law be enacted exempting approximately half of mortgaged properties from foreclosures, officials cautioned on Monday....
Consumer watchdog: Hellenic mortgages included abusive clauses
The Consumer Protection Service has ruled that Hellenic Bank, Cyprus’s third largest lender, violated consumer rights with abusive clauses included in mortgage contracts. The bank...
MPs concerned over changes to regulations on mortgages
Lawmakers on Monday raised a number of concerns over a bill designed to transpose into domestic law EU-wide rules on mortgages and which introduces...
Cyprus urged to pass EU directive on competitive mortgages
Lawmakers on Monday continued discussion of a bill designed to transpose into domestic law EU-wide rules on mortgages which introduces credit intermediaries, in a...
Cypriot banks to keep credit standards unchanged in Q1
Cypriot banks maintained their standards unchanged in the fourth quarter of 2015 for both households and corporate lending, and also expect to keep them unchanged...
Three banks ready to ease burden for Swiss franc borrowers
By Angelos Anastasiou Three banks have devised voluntary schemes for distressed borrowers who took out loans in Swiss francs, which include loan write-offs from 10...
Greece sets red line over mortgage talks with lenders (Update 1)
By Renee Maltezou and Jean-Baptiste Vey Greek Prime Minister Alexis Tsipras on Friday said his country would fully meet its obligations under a multi-billion euro...
Banks warn of painful hit if title deed bill is passed
By Elias Hazou Commercial lenders could be exposed to land developers’ loans if a bill releasing homes from developers’ mortgages is passed as is, a...
Investing in real estate debt
‘Life has a way of testing a person’s will, either by having nothing happen at all or by having everything happen at once’ Paulo Coelho Since...
