Search found 2487 matches

by Nigel Howarth
27 Feb 2020 18:35
Forum: Louise Zambartas' Legal Questions
Topic: Are heirs of an estate responsible for its debts?
Replies: 8
Views: 591

Re: Are heirs of an estate responsible for its debts?

If your dad paid for the land and the house without needing a mortgage, then I assume he borrowed the money for something else and used the property (house & land) as collateral. If this was the case, it's possible (but unlikely) that the bank would have loaned him the money without a guarantor. And...
by Nigel Howarth
26 Feb 2020 20:07
Forum: Louise Zambartas' Legal Questions
Topic: Are heirs of an estate responsible for its debts?
Replies: 8
Views: 591

Re: Are heirs of an estate responsible for its debts?

Hi Selina I've never heard of a bank pursuing the heirs of an estate for the deceased's debts! But as Pan has said the bank's here are b*ggers to deal with. If your late father bought the property off-plan from a developer, the developer would have acted as his guarantor - and it's the developer the...
by Nigel Howarth
26 Feb 2020 20:02
Forum: Communal Property Management
Topic: New management.
Replies: 1
Views: 212

Re: New management.

Hi Henry10 I haven't had any dealings with management companies so I can't advise you on their practices (but paying twice the maintenance fee is outrageous!) That assumes that no-one pays - they must be joking! I suggest you look through your agreement to see what services they provide and their ch...
by Nigel Howarth
23 Feb 2020 19:56
Forum: General Property Questions
Topic: *** Applying for your Title Deeds ***
Replies: 43
Views: 32799

Re: *** Applying for your Title Deeds ***

Hi mrburger The following phrase springs to mind - don't touch it with a ten foot bargepole! If the developer has gone into liquidation, there's a good chance that the liquidator will sell the land to recover the developer's debts. Do you know if the developer obtained building and planning permits?...
by Nigel Howarth
23 Feb 2020 18:59
Forum: General Property Questions
Topic: Build Permit for Existing House on Agriculture Land
Replies: 2
Views: 399

Re: Build Permit for Existing House on Agriculture Land

This only applies to non-EU citizens. Currently since the UK has left the EU, I am not quite sure how this will be applied since there are many Brits with multiple properties in Cyprus. Until the end of the Transition Period (31/12/2020) Brits can purchase as much property as they wish. Brits with ...
by Nigel Howarth
19 Feb 2020 19:28
Forum: FAQ
Topic: selling villa
Replies: 1
Views: 523

Re: selling villa

Hello Lorraine and welcome to the forum If you sell your property through an estate agent, their typical fee is 5% (+VAT) of the price achieved. I recommend you appoint a lawyer (as you would in the UK). I don't know what they will charge, but you can find a list of English-speaking lawyers on the l...
by Nigel Howarth
04 Feb 2020 16:12
Forum: Buying Land
Topic: Building Land for sale
Replies: 3
Views: 632

Re: Building Land for sale

Thanks Pan

I'm learning something new every day.

Cheers,
by Nigel Howarth
04 Feb 2020 11:01
Forum: Buying Land
Topic: Building Land for sale
Replies: 3
Views: 632

Re: Building Land for sale

Hi Gary & welcome to the forum.

A 'field' is an agricultural piece of land - in all probability you'll be unable to build on it (unless it's a greenhouse, goat shed, etc.)

You need to check the deed for zoning, building density, etc.

Regards,
by Nigel Howarth
28 Jan 2020 23:12
Forum: Introduce Yourself
Topic: Another sucker
Replies: 3
Views: 4570

Re: Another sucker

Hi childeric

You must get a lawyer on your case - see the link in my earlier message.

Regards,
by Nigel Howarth
21 Jan 2020 14:10
Forum: Selling Property
Topic: Conveyancing
Replies: 4
Views: 809

Re: Conveyancing

Hi Lynda

It is usual that a PoA can be assigned to more than one person. E.g. When you appoint a lawyer as your PoA anyone in the law firm can act on your behalf depending on how the PoA document is worded.

Regards,
by Nigel Howarth
20 Jan 2020 13:54
Forum: Selling Property
Topic: Conveyancing
Replies: 4
Views: 809

Re: Conveyancing

Hi Pollyanna It is extremely unwise to use the same lawyer/conveyancer as the purchaser!! If you look at my check-list , the first thing it says is: •Find your own independent lawyer (i.e. a lawyer who is not connected with anyone else involved in the transaction) •Ensure that the lawyer is register...
by Nigel Howarth
18 Jan 2020 14:45
Forum: General Property Questions
Topic: Building External Isolation
Replies: 3
Views: 562

Re: Building External Isolation

Hi Laura I think the best thing to do is to get in touch with one of the contacts listed on the Scheme for Promoting Saving and Upgrading of Households . They should be able to advise you what grants are available for what and how to apply. (I know of a company in Paphos that's up to speed with all ...
by Nigel Howarth
15 Jan 2020 16:00
Forum: General Property Questions
Topic: Real estate agents list
Replies: 7
Views: 3740

Re: Real estate agents list

Hi del-froogo

This makes no sense whatsoever. The VAT most agents charge is 5% (+VAT).

As he's done nothing for eight years, I suggest you take it out of his hands and put it with another agent.

Where is the property?

Regards,
by Nigel Howarth
12 Jan 2020 11:28
Forum: Mark Nowell's Financial Questions
Topic: Non-Resident Mortgage Requirements
Replies: 5
Views: 844

Re: Non-Resident Mortgage Requirements

Hi Nathan I've been trawling the banks and the loans they offer. The only one I've found that mentions residency is the Bank of Cyprus Investment Loan , which states: "The scheme is offered to permanent residents of Cyprus only. If you are not a permanent resident of Cyprus for the last 5 years, cal...
by Nigel Howarth
08 Jan 2020 19:09
Forum: Mark Nowell's Financial Questions
Topic: Non-Resident Mortgage Requirements
Replies: 5
Views: 844

Re: Non-Resident Mortgage Requirements

Hi Nathan and welcome to the forum. Non-resident mortgages are designed for those not resident in Cyprus. Once you move here and register with the Immigration authorities and the Tax Department you will be resident and will be able to apply for a standard mortgage from any of the banks. I don't real...