Cyprus does not have building societies as in the U.K. and home loans are typically arranged through Cypriot banks, who lend money at one standard rate.

There are no fixed rate loans currently available and interest rates on variable loans for foreigners are often up to 2% above the standard rate for Cypriot citizens.

Interest rates do not fluctuate as frequently as they do in many other countries and loans are only available in a currency other than Cypriot pounds.

For more details on Mortgages, re-mortgages on Uk properties or legal tax and foreign exchange please contact our Finance Director, Howard Mann MLIA(dip) on 0845 658 6950 or by our contact page.