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Latest News & Updates

Applications open for mortgage-to-rent scheme

Applications are now being accepted for the "Mortgage-to-rent" scheme, offering relief to eligible homeowners. The programme, designed to ease...
Legal Matters

Cyprus moves to revive mortgage-to-rent scheme

Cyprus is poised to reopen its "Mortgage-to-Rent" scheme for a limited period, in a move aimed at easing pressure...
Latest News & Updates

55% of borrowers facing foreclosure reach restructuring deals

More than 71,600 borrowers in Cyprus have had their loans transferred to credit acquisition and servicing company portfolios since...
Latest News & Updates

Many “Mortgage-to-Rent” homes lack Final Approval Certificates

Around 60% of homes eligible for the "Mortgage-to-Rent" Scheme do not have final approval certificates, according to a report...
Legal Matters

Bill to halt auctions for ‘Mortgage-to-rent’ applicants passed

By a unanimous vote the House on Thursday passed legislation that provides for halting the auctioning off of properties...
Non-Performing Loans

Hellenic Bank welcomes mortgage-to-rent scheme

"We welcome this plan as a favourable arrangement, ensuring housing for vulnerable households," Hellenic Bank interim Chief Executive Officer...
Legal Matters

Mortgage-to-rent scheme effective in December

The mortgage to rent (MtR) scheme for vulnerable borrowers will come into effect on December 4, finance ministry permanent...
Latest News & Updates

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

President calls for meeting on foreclosures issue

President Nikos Christodoulides has called for a meeting with all political parties at the presidential palace on Monday, to...
Legal Matters

Mortgage to rent scheme approaching completion

The government will soon roll out its ‘Mortgage to Rent’ scheme after getting the green light from the European...
Legal Matters

EU sceptical over mortgage-to-rent scheme

Brussels may not be keen on greenlighting the Mortgage-to-Rent scheme, the latest lifeline to defaulted borrowers, despite authorities declaring...
Legal Matters

Mortgage-to-rent scheme launched

The Mortgage-to-Rent scheme, the latest lifeline thrown to defaulted borrowers, is going ahead, as KEDIPES, the state-owned Asset Management...
Legal Matters

Expect many foreclosure notices today

Yesterday, Tuesday, January 31, 2023, marked the end of the most recent three-month suspension of divestments imposed by a...
Legal Matters

Mortgage-to-rent scheme to get green light

Brussels hinted at approving the mortgage-to-rent scheme for distressed borrowers, urging Cypriot authorities to create a company dedicated to...
Legal Matters

Mortgage-to-rent scheme in trouble

The Mortgage-to-Rent scheme, the government's latest lifeline for distressed borrowers, is in rough seas after the Finance Ministry claimed...
Latest News & Updates

Who will benefit from Mortgage to Rent scheme?

Potentially 4,000 households will benefit from the Mortgage to Rent scheme, the government's latest lifeline for distressed borrowers to...
Latest News & Updates

Mortgage to rent scheme moving forward

The mortgage to rent scheme for distressed borrowers is moving forward as state-owned asset management agency KEPIDES, the finance...
Legal Matters

Freeze on property foreclosures extended

Cyprus parliament have voted to extend the freeze on property foreclosures to the end of October despite pleas from...
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...

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