Best Mortgage Lawyers in Limassol

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George K. Konstantinou LLC
Limassol, Cyprus

Founded in 1983
English
Real Estate Mortgage Commercial Real Estate +9 more
Established in 1983, George K. Konstantinou LLC is a fully licensed law firm located in Limassol, Cyprus. The firm offers a comprehensive range of legal services, including property transactions, immigration, company registration, family law, inheritance, and tax planning. With a team fluent in...
Iacovou And Co.
Limassol, Cyprus

English
Established in 1985, Iacovou & Co. is a distinguished firm of Chartered Certified Accountants based in Limassol, Cyprus. With over 40 years of experience, the firm specializes in international taxation, audit and assurance services, and business consulting. Its team comprises highly qualified...

Founded in 2019
English
Afxentis Zemenides Financial Services Ltd, operating as A. Zemenides & Co., is a boutique firm based in Limassol, Cyprus, specializing in financial consultancy. The firm offers a comprehensive suite of services, including audit, tax advisory, fiduciary services, and business consulting, tailored to...
Limassol, Cyprus

Founded in 2018
English
Argyris N. Nicolaou LLC is a dynamic law firm based in Limassol, Cyprus, dedicated to delivering bespoke legal services with a focus on trust and transparency. The firm offers practical and results-oriented advice across various areas, including corporate and commercial law, intellectual property,...

Founded in 2015
English
Charalambos Constandinou & Co. LLC, established in 2015, is a distinguished law firm based in Limassol, Cyprus. The firm offers comprehensive legal services across various sectors, including corporate and commercial law, banking and finance, real estate, immigration, and intellectual property. With...
AAS-Law
Limassol, Cyprus

English
AAS-Law, based in Cyprus, offers a comprehensive range of legal services tailored to meet the diverse needs of its clients. The firm's areas of expertise include Alternative Dispute Resolution, Litigation, Property Law, and Commercial Law, among others. This breadth of services enables AAS-Law to...
Limassol, Cyprus

Founded in 2019
3 people in their team
English
K. A. Kourtellos & Co LLC is a boutique Cyprus law firm based in Limassol that advises discerning private clients, family offices, and international businesses. The firm focuses on four core practice areas - Private Client, Real Estate, Corporate and Dispute Resolution - and delivers bespoke advice...
Limassol, Cyprus

Founded in 2023
English
Ioannou & Sharpe LLC, established in 2023, is a Limassol-based law firm specializing in commercial, corporate, real estate, injury and accident law, and civil litigation. The firm is recognized for delivering tailored legal solutions and proactive strategies, emphasizing open communication and...
N. PANAGIDOU LAW OFFICE
Limassol, Cyprus

Founded in 2020
2 people in their team
Greek
English
N. Panagidou Law Office is a modern law office delivering personalised legal services to individuals and businesses. Main areas of specialization are fintech, payment services, regulatory compliance, company formations, corporate and commercial, employment, immigration, real estate, intellectual...
Harneys Cyprus
Limassol, Cyprus

Founded in 2009
English
Harneys Cyprus is a distinguished law firm renowned for its expertise in corporate law, investment funds, financial services regulation, and litigation. The firm has consistently achieved top-tier rankings, maintaining Tier 1 status in Banking & Finance and Commercial, Corporate, and M&A practices,...
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About Mortgage Law in Limassol, Cyprus

In Limassol, Cyprus, the mortgage law falls under the broader umbrella of Property Law. Under the law, a mortgage is defined as a legal agreement by which a bank or other creditor lends money at interest in exchange for taking a title of the debtor's property. In case the debtor fails to fulfill the contractual obligation under the agreement, the creditor has the right to sell the mortgaged property to recover the borrowed amount.

Why You May Need a Lawyer

Securing a mortgage and handling related legalities can be a complex process, making it essential to have professional legal advice. You might require a lawyer when negotiating the terms with banks or creditors, facing possible mortgage fraud, dealing with a foreclosure, or if you feel your rights as a borrower have been violated. A lawyer can help not only in protecting your rights but also in navigating the complex mortgage laws and regulations in Cyprus.

Local Laws Overview

In Limassol, as in the rest of Cyprus, a creditor cannot evict a debtor from their property without a court order. In cases of non-payment or late payment, the borrower is allowed a contractual grace period. If there is still non-compliance, the lender can initiate legal proceedings. However, the borrower retains the right to legally contest the auctioning of their property. A local lawyer can provide more detailed advice based on individual circumstances.

Frequently Asked Questions

What happens if I can't make my mortgage payments?

If you fail to meet your mortgage payments consistently, the lender has the right to initiate foreclosure proceedings against you. Nevertheless, you will be granted a grace period, and foreclosure is avoidable if the situation gets rectified during that time.

Can I get legal help if I feel the bank has deceived me?

Yes. If you believe you have been a victim of unfair practices or fraud, a professional lawyer can represent you and protect your rights and interests.

What can I do if I disagree with the foreclosure?

Under Cyprus law, you have the right to contest a foreclosure. A lawyer can provide guidance on the required legal procedures.

Does a creditor have the right to throw me out of my property immediately after foreclosure?

No, the lender cannot evict you from the property on their own accord. They must first obtain a court order to do so.

Can the terms of my mortgage contract be changed?

Any changes to the mortgage contract need the agreement of both parties involved. If you want to change the terms, legal advice can provide guidance on how to proceed.

Additional Resources

The Cyprus Bar Association is a valuable resource for individuals seeking legal advice. For detailed understanding of property law, you can also refer to the Cyprus Legal Texts and the Cyprus Land and Property Law.

Next Steps

If you require legal assistance in Mortgage in Limassol, your first step should be to consult a local lawyer specializing in Mortgage and Property Law. They can provide personalised advice and guide you through the legal processes, defending your rights and interests.

Lawzana helps you find the best lawyers and law firms in Limassol through a curated and pre-screened list of qualified legal professionals. Our platform offers rankings and detailed profiles of attorneys and law firms, allowing you to compare based on practice areas, including Mortgage, experience, and client feedback. Each profile includes a description of the firm's areas of practice, client reviews, team members and partners, year of establishment, spoken languages, office locations, contact information, social media presence, and any published articles or resources. Most firms on our platform speak English and are experienced in both local and international legal matters. Get a quote from top-rated law firms in Limassol, Cyprus - quickly, securely, and without unnecessary hassle.

Disclaimer:
The information provided on this page is for general informational purposes only and does not constitute legal advice. While we strive to ensure the accuracy and relevance of the content, legal information may change over time, and interpretations of the law can vary. You should always consult with a qualified legal professional for advice specific to your situation. We disclaim all liability for actions taken or not taken based on the content of this page. If you believe any information is incorrect or outdated, please contact us, and we will review and update it where appropriate.