Mortgage Credit

Legislation on Mortgage Credit

Unofficial Consolidation of Credit Agreements for Consumers Relating to Residential Immovable Property Laws of 2017 and 2019

 

Credit Agreements for Consumers relating to Residential Immovable Property Law of 2017 (Law 41(I)/2017) - in Greek

 

Credit Agreements for Consumers relating to Residential Immovable Property Amendment Law (Law 149(I)/2017) - in Greek

 

Credit Agreements for Consumers relating to Residential Immovable Property Amendment Law - Law 30(I)/2019 - in Greek

 

Directives & Guidelines regarding Mortgage Credit

Authorisation and Supervision of Non-Credit Institutions and Credit Intermediaries providing Credit Agreements for Consumers relating to Residential Immovable Property Directive of 2018

 

List of authorised non-credit institutions permitted to conclude credit contracts for customers in relation to immovable properties aimed for residential use

 

Licensing Fees

In order to obtain the authorisation, an application should be submitted to the CBC together with all the information referred to in subsection (5) of section 34A of the Law. It is noted that the application must include a receipt of the payment of the relevant application fee which should be deposited in the account - "APPLICATION FEES" with IBAN CY65 0010 0001 0000 0000 0772 3042.

2020 Directive laying down the provisions for the payment of Licensing Fees by Non Credit Instututions and Credit Intermediaries (in Greek only)

 

Register of Credit Intermediaries

Register of Credit Intermediaries authorised from other E.U. Member States which notified their intention to provide services in the Republic of Cyprus under the freedom of establishment and freedom to provide services