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 over 20 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 75% 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 minimum loan that will be considered is £20,000 and the maximum is CYP 150,000 over a repayment period of no more than 10 years. This is available to individuals up to the age of 65 .

There are no non-status/ self-certification mortgage facilities available in Cyprus, however renting out your property is permitted, therefore all loans need to be supported by a minimum of, proof of income. 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 you last 12 months business, and 6 months personal bank statements.

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.

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