mortgages | Cyprus Mail

Astrobank launches scheme to suspend non-delinquent mortgage payments until November

Jean ChristouMarch 25, 2020March 25, 2020

By Jean ChristouMarch 25, 2020March 25, 20200683

AstroBank has announced a scheme that would allow a suspension of mortgage payments for non-delinquent borrowers between March and November 2020. Acknowledging what it says...

Cyprus Featured

Mortgage relief applicants hit 50 per cent of those eligible

George PsyllidesJanuary 10, 2020

By George PsyllidesJanuary 10, 20200647

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...

Cyprus

Debt-relief scheme will not cover those who are servicing loans says minister

Elias HazouSeptember 9, 2019September 9, 2019

By Elias HazouSeptember 9, 2019September 9, 201901366

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....

Cyprus Featured Property

Official launch of Estia scheme to help home owners in arrears

Annette ChrysostomouSeptember 2, 2019September 2, 2019

By Annette ChrysostomouSeptember 2, 2019September 2, 201901495

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...

Business

MPs to expand loan facilities of Housing Finance Corporation

Staff ReporterJune 10, 2019

By Staff ReporterJune 10, 20190520

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...

Cyprus Featured Property

March launch for Estia debt relief scheme

George PsyllidesFebruary 6, 2019

By George PsyllidesFebruary 6, 20190250

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...

Cyprus Featured

Thousands want to take part in Estia home-loan relief scheme

Evie AndreouJanuary 25, 2019January 25, 2019

By Evie AndreouJanuary 25, 2019January 25, 20190274

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...

Cyprus Featured

Top official raises doubts over Estia loan repayment scheme

George PsyllidesNovember 7, 2018November 7, 2018

By George PsyllidesNovember 7, 2018November 7, 20180129

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...

Cyprus Featured Property

House to postpone discussion of pre-2014 mortgage bill

Elias HazouMay 21, 2018May 21, 2018

By Elias HazouMay 21, 2018May 21, 20189 609

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...

Business Cyprus Featured Property

Bill seeks to exempt pre-2014 mortgages from foreclosure laws

Elias HazouMay 7, 2018May 7, 2018

By Elias HazouMay 7, 2018May 7, 201883 171

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....

Business Cyprus Featured

Consumer watchdog: Hellenic mortgages included abusive clauses

Stelios OrphanidesNovember 17, 2017November 17, 2017

By Stelios OrphanidesNovember 17, 2017November 17, 2017090

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...

Cyprus Property

MPs concerned over changes to regulations on mortgages

Elias HazouMarch 20, 2017

By Elias HazouMarch 20, 20172 140

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 Property

Cyprus urged to pass EU directive on competitive mortgages

Elias HazouMarch 6, 2017March 6, 2017

By Elias HazouMarch 6, 2017March 6, 20173 118

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...

Business

Cypriot banks to keep credit standards unchanged in Q1

Stelios OrphanidesFebruary 22, 2016

By Stelios OrphanidesFebruary 22, 2016070

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...

Cyprus

Three banks ready to ease burden for Swiss franc borrowers

Jean ChristouDecember 8, 2015December 8, 2015

By Jean ChristouDecember 8, 2015December 8, 20157 184

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

Greece sets red line over mortgage talks with lenders (Update 1)

Jean ChristouOctober 23, 2015November 3, 2016

By Jean ChristouOctober 23, 2015November 3, 20168 153

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...

Cyprus

Banks warn of painful hit if title deed bill is passed

Elias HazouJune 30, 2015

By Elias HazouJune 30, 2015108 112

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...

Opinion

Investing in real estate debt

CyprusMailAugust 6, 2013

By CyprusMailAugust 6, 20133 172

‘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...