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Legal Matters

Foreclosure bills passed into law

President Nikos Christodoulides heralded the bundle of bills voted into law in parliament tackling foreclosures on Friday, saying it...
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Mortgage to rent scheme launched

The government greenlighted the mortgage-to-rent scheme, the latest lifeline for defaulted borrowers, following approval from the European Commission. Government spokesperson...
Legal Matters

EU blocks ‘generous’ mortgage-to-rent scheme

Brussels has told Cyprus to hold its horses over a fresh attempt to throw another lifeline, a mortgage-to-rent scheme,...
Legal Matters

New lifeline for defaulted borrowers

Cyprus is to throw another lifeline to distressed borrowers to help them keep their homes following its ESTIA scheme...
Legal Matters

Lenders told not to foreclose on properties

The financial ombudsman has advised banks and credit-acquiring companies to refrain from foreclosing on mortgaged properties before the definitive...
Latest News & Updates

Green-light expected for mortgage to rent scheme

The government anticipates that the European Commission will soon give it the green light to roll out the 'mortgage...
Latest News & Updates

Less than 1 in 5 Estia applications approved

The Ministry of Finance has released the provisional results of its Estia housing loan subsidy scheme. From the 4,374 completed...

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