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Bank of Cyprus - Mortgage
Posted: 29 May 2021 15:18
by HBoss
Hi all,
Hope my post finds you all well. Has anyone on this site know anyone who has been told by the Bank of Cyprus they must pay off their mortgage before the loan agreed time due to the UK leaving the EU. I have received a letter like this recently.
Kind Regards
Hboss
Re: Bank of Cyprus - Mortgage
Posted: 29 May 2021 16:28
by Pantheman
HBoss wrote: 29 May 2021 15:18
Hi all,
Hope my post finds you all well. Has anyone on this site know anyone who has been told by the Bank of Cyprus they must pay off their mortgage before the loan agreed time due to the UK leaving the EU. I have received a letter like this recently.
Kind Regards
Hboss
The BoC have decided, for whatever reason, to refrain from giving Brits a mortgage and as such are recalling their loans in sooner than the loan agreement.
It really needs to be challenged , I'm not so sure what else could be done, but its not a personal thing to you.
Re: Bank of Cyprus - Mortgage
Posted: 29 May 2021 22:01
by Nigel Howarth
Hi Hboss
This is all down to Brexit. As well as calling in their loans, non-resident Brits cannot get loans to help them to buy holiday homes.
As Pan says, it needs to be challenged. Speak with your lawyer.
Regards,
Re: Bank of Cyprus - Mortgage
Posted: 04 Jun 2021 23:23
by HBoss
Thank you for your reply Pan and Nigel,
Hboss