Frequently Asked Questions and Answers

The process begins with a review of basic financial data – income, existing liabilities, credit history and equity. The review can be completed quickly and easily with a short conversation with us or via a digital form.

Typically, approval in principle is received within a few business days of submitting all required documents. In simple cases, approval can be received within one day.

You don’t have to, but a professional mortgage advisor can save you time, money, and heartache – he checks eligibility, compares options, negotiates with the banks, and makes sure everything progresses in an orderly manner.

Absolutely. The total liabilities must be taken into account in relation to the amount of income and equity, but in many cases a customized solution can be found even when there are additional liabilities.

Our support includes: checking eligibility, choosing a suitable path, preparing the documents, submitting the application to the bank, negotiating the terms and support until the loan is actually received.

A mortgage is a loan that allows you to purchase a property and spread the payment over time. The bank or financial institution lends you money, and in return you pay a monthly repayment that includes the loan amount (principal) and interest.

Israeli citizens, foreign investors, and local residents can apply for a mortgage, provided they meet the bank’s requirements. Typically, the bank will examine income, financial stability, and property value before granting approval.

Typically, banks in Cyprus require at least 30%–40% equity of the property value. The exact amount depends on the bank’s policy and your financial profile.

Interest rates vary depending on whether you choose a fixed or variable interest rate. For example, a fixed interest rate may start at around 3%–3.5%, while a variable interest rate is linked to the bank’s base rate plus a margin.

Usually required:

• Income confirmation (pay stubs, tax returns, CPA letter)
• Bank statements (last 6–12 months)
• A valid ID card or passport
• Property purchase agreement
• Company documents (if the application is submitted through a company)

Yes. It is possible and even recommended to obtain in-principle approval in advance. This provides a clear picture of the possible loan amount before committing to the property.

Some banks charge an early repayment penalty (usually a small percentage of the balance). Others allow full or partial repayment without penalty – depending on the signed agreement.