Cyprus-Forum.com

[phil 1]

we are moving 2 cyprus within the next 8 months got 2 wait till the house is built we r looking 4 a morgage but we have had some bad credit in england where can we go 4 a morgage we were told that they could get imformation about u from england

[Svetlana]

HI phil

Have you committed to buying a property without having sorted out the funds first?

Mortgages are available from Banks here, but they require the usual evidence of financial propriety: earnings' statements, six months' (UK) Bank Statements, letter from your Bank. You will usually be asked to put down a deposit of 30%, but it can be less in certain circumstances.

Lana

[phil 1]

i have not put my deposit down yet i am due 2 fly over in 4 weeks 2 c the builder he is holding the house 4 as i am half cypriot we have a good chunk of money 2 put down but we need 55000 morgage i am a builder relocating 4 a better life i have secured a job do all banks check credit history i have all the paperwork requied is there any chance of some1 helping u getting a morgage in the family who lives there thanks

[nhowarth]

Hi Phil,

Can't help with the mortgage I'm afraid, but I would adsvise you not to buy the property until you have sorted one out.

It can take a while to get a mortgage through and I know of a couple of people who have been hit hard because they were unable to make stage payments due to delays in obtaining a mortgage.

If you're credit record's not too good in the UK, the Cyprus banks & financial institutions may refuse a loan.

Regards,

[phil 1]

cheers mate

[lesmel]

Hi

I've been speaking to Mosaic Mortgage Brokers in Nicosia, drop them an e-mail, they're sure to help.

Good Luck.