Alpha Bank and Swiss Franc Mortgages!

General questions & discussions on Cyprus property related matters
Post Reply
RoyalT
Posts: 7
Joined: 10 Oct 2012 13:55

Re: Alpha Bank and Swiss Franc Mortgages!

Post by RoyalT » 01 Oct 2013 18:05

Nigel, just as information to others, I purchased an apartment, on a development, off plan in 2006 with a Swiss France Mortgage through Alpha Bank. The property was completed in 2008 and I have been paying the mortgage ever since. When I retired in 2010 I moved to Cyprus permanently. I approached Alpha recently with a view to paying off the mortgage and they agreed to a discount of 16% off the balance. (I asked for 20%). They also agreed to give me a signed letter as a waiver should the developer go bust. This means that I am protected. The negotiating took place in August / September 2013. I hope this helps others in a similar situation.



Nigel Howarth
Site Admin
Posts: 2499
Joined: 24 Oct 2007 14:38
Location: Erimi, Limassol, Cyprus
Contact:

Re: Alpha Bank and Swiss Franc Mortgages!

Post by Nigel Howarth » 02 Oct 2013 10:04

Hi RoyalT

Thanks for the information - I'm sure it will give people something to think about.

Regards,


Nigel Howarth
Independent information & advice for Cyprus property buyers
Contact Nigel Howarth
Read the latest Cyprus property news

Chardel
Posts: 2
Joined: 03 Oct 2013 14:19

Re: Alpha Bank and Swiss Franc Mortgages!

Post by Chardel » 03 Oct 2013 14:28

Hi Nigel

I hope you can help. Would you send me your list of active groups?
I have a repayment Swiss mortgage with Alpha Bank taken out in 2006

Thank You Very Much



Nigel Howarth
Site Admin
Posts: 2499
Joined: 24 Oct 2007 14:38
Location: Erimi, Limassol, Cyprus
Contact:

Re: Alpha Bank and Swiss Franc Mortgages!

Post by Nigel Howarth » 03 Oct 2013 15:29

Hi Chardel and welcome to the forum.

I have just emailed the list to you.

Regards,


Nigel Howarth
Independent information & advice for Cyprus property buyers
Contact Nigel Howarth
Read the latest Cyprus property news


Poppy
Posts: 1
Joined: 09 Oct 2013 19:46

Re: Alpha Bank and Swiss Franc Mortgages!

Post by Poppy » 10 Oct 2013 14:42

Hi Nigel

I too have a Swiss Franc Mortgage with Alpha Bank, please could I also ask for you to pm me the list?

Many thanks.

Poppy



Nigel Howarth
Site Admin
Posts: 2499
Joined: 24 Oct 2007 14:38
Location: Erimi, Limassol, Cyprus
Contact:

Re: Alpha Bank and Swiss Franc Mortgages!

Post by Nigel Howarth » 10 Oct 2013 21:14

I'll email you the list Poppy.

Regards


Nigel Howarth
Independent information & advice for Cyprus property buyers
Contact Nigel Howarth
Read the latest Cyprus property news

Xena WP
Posts: 6
Joined: 03 Dec 2012 19:57

Re: Alpha Bank and Swiss Franc Mortgages!

Post by Xena WP » 14 Oct 2013 13:41

Hi Nigel,

So sorry to ask, but please could you also send me a list of the groups?

I have tried approaching Alphabank myself but they were not very helpful :-(

Many thanks in advance!



Nigel Howarth
Site Admin
Posts: 2499
Joined: 24 Oct 2007 14:38
Location: Erimi, Limassol, Cyprus
Contact:

Re: Alpha Bank and Swiss Franc Mortgages!

Post by Nigel Howarth » 14 Oct 2013 19:17

Hi Xena WP

I've emailed you the list.

Regards,


Nigel Howarth
Independent information & advice for Cyprus property buyers
Contact Nigel Howarth
Read the latest Cyprus property news


cherrink
Posts: 14
Joined: 12 Apr 2010 23:32

Re: Alpha Bank and Swiss Franc Mortgages!

Post by cherrink » 21 Oct 2013 22:30

I am with the Laiki but would welcome details too - I noticed on the said article that there was a deadline - what is this with regard to - I have taken my case to the Uk Ombudsman but early indications are that they will not cover.

I assume from stuff that I have read that the Cypriot Ombudsman will be of little use.

I would be interested in any further info….

Many thanks
Cherrink



GavinC
Posts: 1
Joined: 21 Oct 2013 20:41

Re: Alpha Bank and Swiss Franc Mortgages!

Post by GavinC » 22 Oct 2013 00:25

Nigel,

My wife and I took out a Swiss Franc Mortgage with Alpha Bank in 2006, could you please pm me the list too?

Many thanks
GC



Nigel Howarth
Site Admin
Posts: 2499
Joined: 24 Oct 2007 14:38
Location: Erimi, Limassol, Cyprus
Contact:

Re: Alpha Bank and Swiss Franc Mortgages!

Post by Nigel Howarth » 22 Oct 2013 09:37

Dear cherrink & GC,

I have PMd you the list.

Neither the Cyprus ombudswoman will not be able to help - this is outside her remit.

Regards,


Nigel Howarth
Independent information & advice for Cyprus property buyers
Contact Nigel Howarth
Read the latest Cyprus property news

MPM
Posts: 12
Joined: 30 Oct 2013 20:28

Re: Alpha Bank and Swiss Franc Mortgages!

Post by MPM » 31 Oct 2013 11:39

Hi Nigel, I'm a newbie on this excellent and much needed site/forum. I'm also in the same unfortunate position as so many others in having a Swiss Franc mortgage with Alpha Bank which has left us struggling to keep up with the payments. We have approached Alpha Bank but they have not, as yet, been helpful or interested in helping us resolve the situation. Could you please send me the list too?
Thanks in advance.



Nigel Howarth
Site Admin
Posts: 2499
Joined: 24 Oct 2007 14:38
Location: Erimi, Limassol, Cyprus
Contact:

Re: Alpha Bank and Swiss Franc Mortgages!

Post by Nigel Howarth » 31 Oct 2013 20:50

Hi MPM - welcome to the forum and thank you for your comments.

I have just PMd you the list.

Regards,


Nigel Howarth
Independent information & advice for Cyprus property buyers
Contact Nigel Howarth
Read the latest Cyprus property news

Post Reply