Bank of Cyprus - Mortgage

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HBoss
Posts: 13
Joined: 03 Mar 2013 19:55

Bank of Cyprus - Mortgage

Post 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
Pantheman
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Joined: 26 Jan 2008 14:44
Location: Famagusta District
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Re: Bank of Cyprus - Mortgage

Post by Pantheman »

HBoss wrote: 29 May 2021 17:18 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.
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Nigel Howarth
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Re: Bank of Cyprus - Mortgage

Post 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,
Nigel Howarth
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HBoss
Posts: 13
Joined: 03 Mar 2013 19:55

Re: Bank of Cyprus - Mortgage

Post by HBoss »

Thank you for your reply Pan and Nigel,

Hboss
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