...I was told, last evening that, from today, the Central Bank has frozen loans for an initial period of 10 days, which may be extended. As I understand it, this means that the commercial Banks will not be offering any new mortgages for the time being, from today .
Mortages which have already been approved should not be affected but even those seem to be cursed with delays of cash release.
Lana
Grab a mortage fast..
25 posts
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Grab a mortage fast..
by Svetlana » Fri Nov 07, 2008 6:47 am
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Svetlana - Main Contributor
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by Tim Drayton » Fri Nov 07, 2008 10:41 am
BOF wrote:Didnt someone on this forum Guarentee that the economic downturn would have no effect on Cyprus??
Which fool gave that "Guarentee"?
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Tim Drayton - Main Contributor
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by Get Real! » Fri Nov 07, 2008 10:43 am
Tim Drayton wrote:BOF wrote:Didnt someone on this forum Guarentee that the economic downturn would have no effect on Cyprus??
Which fool gave that "Guarentee"?
Someone living thousands of miles away from Cyprus who also hasn’t registered yet that Cyprus is in the EU…-
Get Real! - Forum Addict
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by CBBB » Fri Nov 07, 2008 10:52 am
I just ripped this off from the other place.
Today's Cyprus Mail lead story:
"Paphos feels the squeeze"
http://www.postimage.org/image.php?v=aVgreI0
http://www.postimage.org/image.php?v=gxbRQR0
Today's Cyprus Mail lead story:
"Paphos feels the squeeze"
http://www.postimage.org/image.php?v=aVgreI0
http://www.postimage.org/image.php?v=gxbRQR0
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by Svetlana » Fri Nov 07, 2008 11:02 am
The British potential buyers and existing residents in Cyprus are in for further hardship; with the UK Bank Rate dropping 1.5% savings accounts in the UK will be dramatically effected and the £/€ rate will be further worsened.
Lana We are all doomed!
Lana We are all doomed!
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Svetlana - Main Contributor
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by CBBB » Fri Nov 07, 2008 11:25 am
Z4 wrote:The interest cuts in the UK are great for first time buyers/buyers just on the ladder - keep dropping please!
The banks haven't dropped their rates yet and possibly won't as they are not obliged to. Also it is going to be a lot more difficult to get a mortgage with much stricter credit checks on individuals.
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CBBB - Leading Contributor
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by Paphitis » Fri Nov 07, 2008 12:02 pm
Get Real! wrote:Tim Drayton wrote:BOF wrote:Didnt someone on this forum Guarentee that the economic downturn would have no effect on Cyprus??
Which fool gave that "Guarentee"?
Did someone say there was an economic downtown?
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Paphitis - Leading Contributor
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