Alpha Bank

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Tony3060
Posts: 1
Joined: 17 Sep 2015 19:51

Alpha Bank

Post by Tony3060 »

Hi Nigel

I am new to the Forum,I had a Swiss Franc Loan with Alpha Bank on my property from 2005 to 2014 May
during this time the Swiss Franc got devalued and Alpha Bank then put our Interest rate up which basically
doubled are repayments. I managed to sell my property this year at a loss and came out with nothing,
is it to late to pursue any action against Alpha Bank.
Nigel Howarth
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Re: Alpha Bank

Post by Nigel Howarth »

Hi Tony

I'm sorry to say that as you no longer have a Swiss loan, I believe that you no longer have the right to pursue the Alpha Bank.

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Nigel Howarth
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Brookster
Posts: 32
Joined: 22 Mar 2014 13:04

Re: Alpha Bank

Post by Brookster »

I have recently been reliably informed that Alpha bank will ne applying a 'Means test method' when calculating possible compensation in lieu of Swiss Franc mortgage settlements!
Unbelievable !
Nigel Howarth
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Location: Erimi, Limassol, Cyprus
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Re: Alpha Bank

Post by Nigel Howarth »

Hi Brookster

Where did you get this information from - PM me if necessary.

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Nigel Howarth
Independent information & advice for Cyprus property buyers
Contact Nigel Howarth
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Mark101
Posts: 7
Joined: 10 Dec 2015 13:15

Re: Alpha Bank

Post by Mark101 »

Brookster wrote:I have recently been reliably informed that Alpha bank will ne applying a 'Means test method' when calculating possible compensation in lieu of Swiss Franc mortgage settlements!
Unbelievable !
Good news or bad news I suppose depending how much 'means' you have!
Cyprus6969
Posts: 1
Joined: 21 Feb 2016 20:02

Re: Alpha Bank

Post by Cyprus6969 »

Hi,
I have had various remortgage offers from Alpha bank, but also a discounted price for full settlement. can anyone tell me if they have managed to negotiate this figure down and by how much??
Nigel Howarth
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Posts: 2575
Joined: 24 Oct 2007 14:38
Location: Erimi, Limassol, Cyprus
Contact:

Re: Alpha Bank

Post by Nigel Howarth »

Brookster wrote:Alpha Bank - 'Means testing'
I heard about this earlier today - it applies to all their loans (not just Swiss Francs) and applies to all nationalities.

Regards
Nigel Howarth
Independent information & advice for Cyprus property buyers
Contact Nigel Howarth
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