We are extremely excited to bring to the market some excellent new payment terms available for a selection of lovely projects in the Paphos area of cyprus. This is a brilliant opportunity, not only for investors, but also those seeking a permenant or second home – why not take advantage of 10% CASH BACK, you could buy a Car or fully furnish your new property!… Alternatively, you may decide to have your MORTGAGE PAID FOR 2 YEARS (interest only)… Yes, both options are available and we suggest you act quickly to avoid disappointment.
If you have ever considered buying a property abroad, many people investigate an ‘off-plan’ apartment or villa and have the beauty of owning a brand new home in their dream country – Well, you will already be aware that typically you would have to find 30% for the down payment to start with, then meet stage payments / installments during the construction period. These payments will be made either from your own funds or from a mortgage… In any case you have to pay the cost of those borrowings or suffer the loss of interest from those savings for a period of 6, or upto 18 months, even 2 years…
New to the cyprus market and warrants your serious consideration - we are offering a selection of superb apartments and villas in different locations where you can start with just 10% of the purchase price and defer your mortgage until delivery / completion of the property! It truly is a great opportunity – what are you waiting for?..
Here are some further details of payment plans available;
We have 5 projects which are off-plan / under construction, this includes apartments in Kato Paphos, Tala, Anavargos and close to Sea Caves, along with detached villas in Emba with private swimming pools – for these properties you can chose one of 2 absolutely brilliant payment methods.
METHOD 1 - ‘MONTHLY INSTALMENTS & MONEY BACK BONUS SCHEME’
You pay a 10% initial payment. Plus 10% in equal, interest-free monthly installments to the developer… You pay a further 20% on completion & arrange a 60% bank loan, where the stage payments are made during construction… Provided that all the payments are duly paid on time, you will be eligible for a bonus, MONEY BACK SCHEME OF UPTO 10% of the sale price…
Bank loan notes: Important to note that you pay nothing during the construction period until delivery (not even the interest), then you pay interest only installments for upto 5 years and the remainder of the loan period will be a normal repayment structure.
METHOD 2 - ‘NO MORTGAGE PAYMENTS FOR UP TO THE FIRST 4 YEARS’
You pay a 10% initial payment. Plus 10% after 6 months… You pay a further 20% on completion & arrange a 60% bank loan, where stage payments are met during construction… Provided that all the payments are duly paid on time, the DEVELOPER WILL PAY YOUR MORTAGE FOR THE FIRST 2 YEARS (interest only)… Bank loan notes: Again, nothing to pay during the construction period until delivery (not even the interest), the developer will pay the next 2 years interest payments of your bank loan… You can pay interest only for a further 3 years. The remainder of the load period will be the normal repayments structure.
If you don’t want to wait 12 months or so for your property and prefer something ready or nearly completed, then there is a selection of villas and apartments where you can mortgage upto 80%, again rarely found in the overseas market, you usually would be expected to make a 30% contribution from your own funds…
Here are some more details of the payment scheme;
‘BANK LOAN OF UPTO 80% - LOW DEPOSIT’. You pay a 10% initial payment. You pay a further 10% on completion & arrange an 80% bank loan… Bank loan notes: The loan is a one-off payment upon delivery date of the property, and then you can pay interest only installments for upto 5 years. The remainder of the loan period will be the normal repayment structure.
If required, mortgages are arranged with a local bank in cyprus. The banking system and procedures are very similar to those in the UK. What’s more, is you have the option to borrow the money with a foreign Currency loan, although the developer will be paid in Euros, you may chose to have a Sterling loan as your income is in Sterling, or you may decide to borrow the funds in Swiss Francs as the interest rates is much lower – in the region of 2%… The banks in cyprus are very pleasant to deal with and extremely efficient, please contact us for further information and any questions you may have.
If you are considering an investment in overseas property, you will struggle to beat this package. invest your savings wisely - were you would usually use all your capital to purchase an apartment or a villa, either outright or with a mortgage. We are suggesting, if you study the figures and chose the best payment method that suits you, perhaps you could afford to buy 2 or more properties?… Say you take the 10% cash back on your first purchase, this will fully furnished and equip 2 places, or sit in the bank to pay your mortgage or ‘x’ months… Then maybe let the developer pay the interest of your mortgage on the second property for 2 years!… With the potential rental income and capital growth, coupled with lower outgoings (remember the developers paying your mortgage), imagine where you could be in 2 years? Doesn’t sound bad to me…
Please click here to see the properties available and more information.
Disclaimer; The details of these special payment methods, any prices, rates, facts and figures are subject to change and are based on information provided by the seller. These details remain subject to verification to the purchaser’s satisfaction from the developer, lawyer or bank.
