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Through PaphosFinder, we can assist you in sourcing mortgage finance for the purchase of your Cyprus property. See Guidance notes for purchasing a property in Cyprus with a mortgage Key features: Maximum Term: up to 30 years or 65 years of age, whichever comes first The mortgage can be in Euros, Swiss Franks or Cyprus pounds Interest rate is fluctuating at Euribor/Libor +1.25% (Euribor is currently at 3.21%, Swiss Franc Libor at 1.6% and Cyprus pound Libor at 4.25%). As of September 2006 The costs are: Arrangement fee varies through banks, with a minimum of 0.2% of loan amount. Documentation fee of 150 Cyprus pounds incl. VAT and administration fee of 145 British pounds incl. VAT You must pay your legal fees, Cyprus taxes and duties on the transaction Any lenders costs in advancing the loan The procedure: We complete pre-qualification documents with you initially to ensure you are able to secure the mortgage You then consult your Lawyer for advice on the sales contract and confirmation of the costsYou will need to open a Cyprus Bank account There will need to be a life policy assigned to the lender for the value and term of the mortgage. PaphosFinder will: Co-ordinate this whole process for you from start to completion Have available to you an independent adviser to work with you through the financial implications and form filling processes. Please note the following: 1. Interest rates quoted are subject to daily variation 2. Your initial financial risk is limited to the 150 Cyprus pounds documentation fee in the event the mortgage application is unsuccessful, which you pay up front 3. An information pack is provided without obligation, to enable you to asses initially what is required from you 4. The accuracy of all information provided is the responsibility of the applicants), PaphosFinder accept no liability For more information please write to info@paphosfinder.com |
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UK & Overseas Finace property details |
UK & Overseas Finance Pre-qualification form |
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| All rights reserved. Copyright © 2001-2006 by Paphosfinder.com 34 Miltiadi Stylianou Avenue, Tala Village, 8577, Paphos (Pafos), Cyprus Tel: (00 357) 26 654 108 Mobile: (00 357) 99 380 218 Fax: (00 357) 26 815 321 |