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As a broad guideline the terms below are an outline of the mortgage terms on offer for purchase of residential property:-

1. Loans are available to the majority of nationalities for either house purchase or refinancing existing property or for home improvements

2. Loans can only currently be arranged on a ' Repayment ' basis.

3. The minimum loan is CY £12,000 and maximum CY £250,000 for no more than 70% of value.

4. In all cases proof of income will be required (to include pension income and any investment rental income) as ' non status loans are not available' .

5. The terms of the loan in Cyprus pounds can be for a maximum of 25 years. - up to the age of 65 years. (only for CYP)

6. Loans in all major currencies are available with a maximum term of 10 years

7. The prevailing interest rate for loans in Cyprus pounds is currently 5.5 base rate% + 1.7% margin.

8. If the applicant is a UK resident then you can also consider refinancing your existing home to provide the 30% equity contribution.

9. Issue of loans is subject to the discretion and approval of the financial institution.