Cyprus-Forum.com

[dplees9]

Hi,

I have purchased a property by Alpha Panerati called St George hills http://www.stgeorgehills.com/ . I have paid 98000 CYP for a one bed ground floor apartment.
I have been told that this is possibly not a great investment as rents are high and similar properties in the area are going for 45% cheaper.

My mortgage is 85% and the developer has taken one payment from it. Could someone please advise me if there is away out of this? I wish to termintate the contract, however I'm not sure what position I would be in with the mortgage company.

Many thanks

[cyprusgrump]

Hi,

I have purchased a property by Alpha Panerati called St George hills http://www.stgeorgehills.com/ . I have paid 98000 CYP for a one bed ground floor apartment.
I have been told that this is possibly not a great investment as rents are high and similar properties in the area are going for 45% cheaper.

My mortgage is 85% and the developer has taken one payment from it. Could someone please advise me if there is away out of this? I wish to termintate the contract, however I'm not sure what position I would be in with the mortgage company.

Many thanks

Speak to a lawyer immediately...

[LENA]

Agree with that since a lawyer will tell you what is the legal procedure that you can follow. That way you can avoid future problems.

[Get Real!]

If you’re early you can take advantage of the “cooling off period” which varies from country to country.

[Z4]

Hi,

I have purchased a property by Alpha Panerati called St George hills http://www.stgeorgehills.com/ . I have paid 98000 CYP for a one bed ground floor apartment.
I have been told that this is possibly not a great investment as rents are high and similar properties in the area are going for 45% cheaper.

My mortgage is 85% and the developer has taken one payment from it. Could someone please advise me if there is away out of this? I wish to termintate the contract, however I'm not sure what position I would be in with the mortgage company.

Many thanks

The man for the job is Nigel Howarth. He is a member on here, although he hasnt been seen to much. If you do a Google search you should be able to find him easily enough. Good luck.

[Z4]

http://www.cyprus-property-buyers.com/intro/about.htm

[Z4]

http://www.cyprus-property-buyers.com/intro/about.htm

[cyprusgrump]

Hi,

I have purchased a property by Alpha Panerati called St George hills http://www.stgeorgehills.com/ . I have paid 98000 CYP for a one bed ground floor apartment.
I have been told that this is possibly not a great investment as rents are high and similar properties in the area are going for 45% cheaper.

My mortgage is 85% and the developer has taken one payment from it. Could someone please advise me if there is away out of this? I wish to termintate the contract, however I'm not sure what position I would be in with the mortgage company.

Many thanks

The man for the job is Nigel Howarth. He is a member on here, although he hasnt been seen to much. If you do a Google search you should be able to find him easily enough. Good luck.

No, the man for the job is a lawyer...