Based on the valuation or purchase price, whichever is the lower, of the Cypriot residential property, UK and Non-UK applicants can borrow up to 70-80% in most major currencies – including Euros - for purchases and re-mortgages (Re-mortgages are subject to the funds remaining in Cyprus).

• Maximum loan to value 70/80%
• Minimum loan of £20,000, no maximum
• Maximum term of the loan is 40 years in Cyprus pounds or 25 years in all other major currencies
• Loans available in Euros, Sterling, US Dollars, Swiss Francs and Yen
• Repayment and interest only mortgages available
• Current interest rates as available from approximately 5.45%
• The income criteria is variable
• Bank Reference and Employers or Accountants reference if self-employed
• Existing borrowing in the UK and Overseas will be taken into account

Typical example

Repayment mortgage of approx  € 70,000 over a period of 25 years at an interest rate of approx 5.45% Variable = approx € 433.50 = a total approximate amount payable over the term of approx € 132,930 including capital, interest, arrangement and survey fees.