Cyprus Property Forum for Buyers, Sellers & Investors

I have just read this article in the Cyprus Mail. My question is does this mean that the Bank of Cyprus policy was wrong and that in effect all the CHF mortgages that they arranged were mis-sold.

"At last some banks have accepted responsibility for the miss-selling of Swiss Franc mortgages to ...

Does anyone know the current situation. As I understood it the court case(s) where supposed to start in March and these were then delayed until May. Have they been delayed again and if so why

I read recently that a law is to be passed where banks are not permitted to increase their margins on and NEWLY agreed loans. He is the link to the original article http://cyprus-mail.com/2014/08/07/new-b ... ing-rates/

On 30 April 2014 the European Court of Justice has ruled in favour of a debtor in Swiss Francs (CHF), by essentially “crystallizing” the exchange rate at the date of the loan agreement or/and of the loan sum acquirement.
The procedure brought forth the European Court of Justice was conducted after ...

Thanks Nigel. So if I want to sell the property and the deeds are available the only way to do this is to firstly pay the transfer tax and have the deeds in my name and then sell on

My Thanks Nigel. Is is not possible to adopt the same policy as if title deeds are no available. ie. My contract with the developer is cancelled and the new buyer has a contract with the developer and then immediately after applies for the title deeds. This will avoid me from paying the transfer tax ...

Can someone advice me on the potential situation

"I am selling a property and the title deeds are available but I have not taken them. Is it possible for me to sell my property and the new buyer then obtain the available title deeds"

Many thanks

Very interesting, thanks Nigel

Hi Nigel

Many thanks for your feedback.

My main issue is not with mis-selling but is that the bank increased there margin from 1.75% to 4.5% as the euribor rate went down. There is a clause in the contract that says "The bank has the right, at its discretion, within the framework of the law, the ...

I have been using a solicitor in Nicosia to approach the Bank of Cyprus to discuss my CHF loan and this was their recent reply:

"Please note that we had a meeting on 13/6/14 in Paphos with the Bank of Cyprus in order to discuss the terms of your loan agreement.
Unfortunately, our offer for a ...