Cyprus Property Forum for Buyers, Sellers & Investors

Hello Nigel,
loans before 2008 had already better rates than after 2008/2009, mine was on 2005 and has 4.25%, comparing 6.50% that banks were rating after. Do you think we are going to do a new contract? because when i signed my loan it was written that the margin is fix and will not change till the ...

Need more information : just got a letter from my bank where I have my house loan, announcing the decision of the European Central Bank's decision to decrease the repo rate from 0.75% to 0.50 and the increase of the interest margin by 0.25%, this concerns loans granted prior to 01.01.2008.

Hello Pantheman
Why you wouldn't use coop as home loan? what's the difference if they lending for houses?

Yes Nigel it is societe general, I must say first that I have good relation with my bank but this is not the 1st time having fees problems, for ex. for 4 years of loan i haven't got any loan statement ! and when i asked them it costed me 35 euros for one year/one page of statment!!! it's not normal ...

Hello Nigel
I just got the information : this is a central bank directive but only for the revaluation, nothing about fees, because they cannot interfere between the bank and the client!!! and this directive has been for a while, but certainly after my loan contract was done. it seems that not all ...

Hello
Last week, I've been contacted by phone by my bank SG, where I have a loan for my house since sept 2005, informing me that there is a general directives for all banks from bank of Cyprus, to revaluate the properties and the fees are on client's charge; and this will happen every 3 years from ...