Cyprus-Forum.com

by **bigtrees** » Sat Oct 28, 2006 8:30 pm

I hope this is not a stupid question as it may have been covered elsewhere.

In Cyprus when you make the payment to the solicitor for a house, if he holds the money for any length of time do you receive the interest that it would make or does that go the solicitor??

by **Svetlana** » Sat Oct 28, 2006 8:41 pm

I do not think you will get interest; it is normally kept in a non-interest earning Client account.

Lana

by **Snad** » Sun Oct 29, 2006 8:18 am

Your right Lana. Ours was kept in a non interest earning client account for 3 months. Seems a waste really, as we could have kept it in our Cypriot account, earning interest. Doh!!! :oops:

by **bigtrees** » Sun Oct 29, 2006 6:16 pm

Thanks for replies. That`s what I thought really, about it being in a client account, but I`m hoping that it won`t take 3 months !!! I begrudge it not earning interest, but by buying it at a higher rate I suppose the gain is there. A bit of a catch 22 situation.

by **hincyprus** » Mon Oct 30, 2006 1:27 pm

Instead of moving the money early try getting a quote from someone like HIFX PLC in Windsor who will quote you a rate for the date you wish to move the money......it may be better than you think and if I am not mistaken there are no sending or receiving charges. Their number is: 00 44 753 859159 or see the web site. www.hifx.co.uk I have used them in the past and they are very very efficient and trustworthy.

H

by **Svetlana** » Mon Oct 30, 2006 1:38 pm

Welcome back H,

Don't tell me you have been too busy working to post here lately?

Lana

by **hincyprus** » Mon Oct 30, 2006 1:56 pm

hi Lana,

Me !!!! working......................No. Had a heart attack but now fit and well. Lost some weight and have to eat sensibly.

To be honest I have not been on the net much either.

hope you are well and of course busy.

Speak more soon.

And watch out I will be in Paphos much more in the coming months. You can buy me that coffee you keep promising.

H

by **twinkle** » Mon Oct 30, 2006 2:05 pm

Hello hincyprus, haven't heard from you before but just read the message that you suffered a heart attack. Hope all is well now and you are on the mend. Take things easy and chill out.

Twink
x

by **hincyprus** » Mon Oct 30, 2006 2:09 pm

thanks Twinkle.

I will open a new thread re the attack so as not too invade this current thread.

by **bigtrees** » Tue Oct 31, 2006 2:33 pm

Hincyprus

Thanks for your advice, but we have already purchased the currency although not moved it yet.

Sorry to hear of your ill-health- one of the reasons for our move to Cyprus.

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