Cyprus Property Forum for Buyers, Sellers & Investors

Dear Nigel,

As most of forum members I'm also living a nightmare after a purchase of Cyprus property.

I'm due to sign a new mortgage agreement with a bank that will reduce my monthly instalments by a half and also convert my currency to Euro from CHF.
The bank has requested that documents should be singed in a presence of public notary and given me details of Mr Petros Eftychiou working at Cyprus High Commission on London.
My question is - does it have to be done with him and him only or can I use a different public notary.
I don't remember anyone like that present when I originally signed my mortgage contract so wouldn't want to travel to London if it's not entirely mandatory.
Have you got any suggestions what should I look out for in the new contract ??
I have refused to sign anything without being able to receive a copy of the documents first so i can examine them myself. Has the bank got the right to refuse sending those to me ?

Many thanks in advance,

Evelyn

Welcome to the forum Evelyn

I believe that Petros Eftychiou is the Cyprus High Commissioner - I don't think it will be he who needs to sign your papers.

But you may need to sign them in the presence of a Certifying Officer (appointed by the Cyprus Interior Ministry) and they can be found in most of the Cyprus Government offices in the UK, including the High Commission in London. Check to see if there is an office nearer to you - give the London office a call. And when you go to sign make sure you have your passport with you as the Certifying Officer will need this to confirm your identity.

When you get the documents, I suggest you get them looked at by your UK solicitor - and he should be able to advise you of any issues there may be.

If the bank wants you to sign the documents, it has no option but to send them to you.

Regards,

Evelyn. Not sure if this applies to mortgage papers so check with the Bank- I had to have some papers signed recently and I used a UK lawyer to check the papers and a UK Notary Public to certify our signatures. This was accepted by my Cypriot solicitor as the NP is simply witnessing your signatures. You have to take an oath that you understand what you are signing. The NP cost £50 plus VAT.