Larnaca :  23 °C
Limassol :  23 °C
Nicosia :  23 °C
Paphos :  22 °C
Mortgages

Loan Amount Coverage: 70% - 80% of purchase price

Maximum Duration: Max of 30 years or until the your 70th birthday which ever comes first

Currency: Major International Currencies

Interest Rate: Basic rate plus 1,75% - 2%

Redemption Fees: One month interest payment

Repayments: For off-plan properties, no installments during the build phase subject to a maximum of 24 months. Interest is accrued and added to the loan amount. An option of a maximum of five years interest only payments is sometimes an option, with normal capital and interest payments thereafter.

Fees:
0.5% of loan amount once off.
1% Land registration fee.

Bank Guarantee Fee: One off 0,25% of loan amount 

For upto date currency rate please click here

Information required for mortgage purposes:

1 Copy of passport

2 Proof of adress (ie Utility bill stating your currents address).

If you are employed you will need to produce, your last three months payslips, P60/employers reference and your last 6 months personal bank statements.

 If you are self -employed you will need copies of your Audited Accounts together with your last 12 months business, and 6 months personal bank statments.

Med Sun Villas
 
Larnaca Bay - Phase 1