If you need finance to purchase a property in Cyprus , then we can help, we can give you the advantage of seeking advice from a team of licensed credit brokers, who have several years experience in this field. Depending on your circumstances, you may be able to raise a repayment mortgage on the property in Cyprus.
Based on the valuation or purchase price (whichever is lower) of your Cypriot property, it is possible for you to take a loan for up to 70% of its value in all major currencies, for the purpose of purchasing a new property or re-mortgaging an existing one for home improvements (a re-mortgage for any other purpose will be looked into on a case by case basis).
The Lenders in Cyprus will not take into account any proposed rental income from the property that you wish to buy. Your loan will be based on your personal (or joint) 'net' pay, and is calculated on an affordability basis. For you to be considered by the lenders in Cyprus you total out-goings must not exceed 35% of your net monthly income.