News & Insights
It is estimated that thousands of purchasers of property in Spain from 2006 onwards are now struggling ever more to service their mortgage debt. The majority of these purchasers may...
In recent days we have been contacted by a growing number of concerned individuals in the UK who have been receiving visits at their homes from process servers attempting to...
We have recently seen a number of estate agents in Spain asking prospective buyers to pay an amount of money to them before they will even put forward an offer...
Thousands of individuals in the UK will no doubt have received in recent days a recorded delivery WITHOUT PREJUDICE Warning Letter at their homes from a company in Cyprus called...
In recent weeks we have been able to successfully settle a number of long-standing Cypriot mortgage issues for our clients. After many years of worry and anxiety that the Bank...
It has been reported that Spain’s Banco Santander has agreed to sell further housing loans which formed part of a portfolio of distressed loans. The purchaser of the loans is...
A “Vulture Fund” is an investment fund that will seek out and purchase securities in distressed investments, such as non-performing loans (NPL’s) from foreign banks. Typically, these NPL’s are loans...
Thousands of individuals in the UK will have been receiving calls or recorded delivery letters at their homes from a company in Cyprus called Baker Tilly in relation to a Swiss...
In recent days, hundreds of clients of the Alpha Bank in Cyprus will have received from their Bank a Registered letter informing them that they (the Bank) have now transferred...
It has been the case for the past decade or so that the purchasers of immovable properties in Cyprus who had taken out a Loan with a Cyprus Bank in...
In the past week we have again been contacted by clients who have been informed that a Charging Order has been placed on their UK property. The applicable Order was...
We continue to receive instructions from clients who have recently been contacted in relation to a historical debt in Spain. The debt in Spain exists as a result of a...
We are aware that clients who had previously purchased a property in Cyprus through the Cypriot developer Alpha Panareti are now receiving notice that they (the clients) will be served...
It is estimated that thousands of purchasers of immovable property in Cyprus from 2006 onwards may have been adversely affected by being advised by their Cypriot Bank – in order...
2019 is set to be a difficult year for Spanish property owners who are not up to date with their Spanish mortages. The banks there have started to offload their...
IMPORTANT UPDATE FOR CYPRUS PROPERTY OWNERS Auction Law or CHF MORTGAGED PROPERTIES Amendment Act 87 (I) / 2018 – The Transfer and Mortgage of Immovable Properties Law of 1965 (9/1965)...
A recent Court case in Spain has both clarified and caused confusion over who should pay the taxes associated with taking out a mortgage to buy a property. The Judgement...
Recent Court decisions in Spain have highlighted the fact that foreign currency mortgage problems are not limited to jurisdictions such as Cyprus where largescale problems have been incurred by borrowers...
In recent weeks we have again seen an increase in the activities of the Cyprus Banks against UK buyers of Cyprus properties, as they continue to serve Writs of Summons...
If you have an existing Housing Loan in Cyprus in the Swiss Franc denomination (CHF) taken out for the purchase of an immoveable property in Cyprus, you may now be...
“The Swiss Franc mortgage taken out to fund our investment in Cyprus some years ago has become a nightmare”. “It is an issue causing us huge distress and anxiety as...
The Nicosia District Court recently granted an interim order for the freezing of a borrower’s installments in Swiss Francs (CHF). The lawsuit was filed by a borrower and a guarantor...
The above is a question that more often than not begs for an answer. It has become a frequent occasion for non-Cypriots (mainly U.K. citizens) to be served with documents...
Through the use of TCA Law in Cyprus, we are now awaiting the final setting down of firm trial dates in relation to our clients and their claims against the...
Swiss Franc Mortgage problems in Cyprus & the issue of Jurisdiction ————————————– 1. In the last few weeks the issue of jurisdiction i.e. in which Court the purchasers of immovable...
Τhe Supreme Court of Cyprus issued a very important judgement on the 23/12/2015 in relation to the validity of Powers of Attorney used, among others, in transactions relating to the...
As the deadline of 31st December 2015 approaches, clients of immovable properties in Cyprus are faced again with confusion surrounding the implementation of the Limitations Law in Cyprus and with...
It appears that the thousands of overseas property investors who found themselves caught up in the scandals of Ocean View Properties and Harlequin may be entitled to seek financial redress via...