Cyprus REAL ESTATE MORTGAGE LOANS BANKS
Credit type
At the mortgage on Cyprus calculation of payments can is spent both on àííóèòåòíîé and under the differentiated scheme, accessible as well for real estate refinancing on Cyprus. Lowell Finance promotes in mortgage reception, in territory of the Greek Cyprus, and also in Greece.

The borrower
As the borrower can act both the private person, and the company.

The size of the mortgage on Cyprus
The minimum size of the credit on Cyprus makes ˆ100,000. The size of the mortgage is limited only by that its sum cannot exceed 80 % from estimated cost of the real estate (which it can appear below market).

Conditions
From 5 till 40 years, an age maximum of 70 years.

Expenses
Gathering of banks of Cyprus vary a little, but, as a rule, make 1 % from the sum of the hypothecary credit. Expenses will make the properties connected with an estimation from ˆ85 to ˆ350. Notarial and admission fees, and also the stamp duty will make from 0,65 % to 1,8 % from the sum of the credit depending on bank. Also you will need to pay cost of consideration of the statement depending on bank from 30 to 200 Euros.

Requirements to the borrower
Lowell Finance will consult under requirements of banks of Cyprus to the borrower, for the purpose of the understanding, what factors are most important for bank.

We will give you the information on you can count on what conditions proceeding from a real estate project cost on Cyprus, your property and a financial position.

As for each bank your solvency the majority of banks of Cyprus considers your existing obligations and payments in Russia, including payments under the mortgage / to rent, personal and bank credits, and also the alimony is to the greatest degree important. Together with prospective payment under the mortgage your payments should not exceed 40 % (this indicator can vary) from your pure monthly income.

Banks of Cyprus demand income acknowledgement. It can be inquiries on wages, accumulation or the income of investments. However not all creditors take into consideration these documents.

Lowell Finance has direct agreements with all banks of Cyprus giving the mortgage for the Russian borrowers.