Hello Everyone,
I am facing a problem with House loan because of down payment. Maybe someone had the same issue.
I have quite high income and found my dream house, but have no savings to pay down payment of 30%.
Market value of the house is much higher then sale price (as it is quick sale). The difference between value and price is around 30-35%.
Do anyone knows if there is any bank, which would accept this difference as down payment?
Please please… Thanks a lot!
Down payment
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Re: Down payment
Hi Gusha and welcome to the forum.
I doubt you'll find a bank in Cyprus that will give you a loan without a 20%-30% deposit. The banks are much more risk averse following the hole they dug for themselves a few years ago.
There is a company that may be able to help. See my earlier post at viewtopic.php?t=1161
Regards,
I doubt you'll find a bank in Cyprus that will give you a loan without a 20%-30% deposit. The banks are much more risk averse following the hole they dug for themselves a few years ago.
There is a company that may be able to help. See my earlier post at viewtopic.php?t=1161
Regards,
Nigel Howarth
Independent information & advice for Cyprus property buyers
Contact Nigel Howarth
Read the latest Cyprus property news
Independent information & advice for Cyprus property buyers
Contact Nigel Howarth
Read the latest Cyprus property news
Re: Down payment
Hi Nigel,
Thank you very much! Will try to check with this company.
All the best!
Thank you very much! Will try to check with this company.
All the best!
Re: Down payment
That company is no longer in existence AFAIK.Nigel Howarth wrote: ↑25 Jul 2018 14:54 Hi Gusha and welcome to the forum.
I doubt you'll find a bank in Cyprus that will give you a loan without a 20%-30% deposit. The banks are much more risk averse following the hole they dug for themselves a few years ago.
There is a company that may be able to help. See my earlier post at viewtopic.php?t=1161
Regards,
For all your property needs, we offer Trust, Integrity, Honesty.
FSB Properties Ltd
Registered and Licensed Real Estate Company. Reg. No. 1145, Lic. No. 572/E
Member of ETEK Registration No. A201999
https://www.fsbproperties.com
FSB Properties Ltd
Registered and Licensed Real Estate Company. Reg. No. 1145, Lic. No. 572/E
Member of ETEK Registration No. A201999
https://www.fsbproperties.com