Best Mortgage Lawyers in Nicosia

Share your needs with us, get contacted by law firms.

Free. Takes 2 min.

Darivas Law Firm & Partners

Darivas Law Firm & Partners

Nicosia, Cyprus

Founded in 2007
14 people in their team
Greek
English
Konstantinos Darivas & Associates | Trusted Law Firm in Athens, GreeceAt Konstantinos Darivas & Associates, we are a dynamic Athens-based law firm offering high-level legal services across a wide range of practice areas. With decades of experience and a strong reputation in civil, criminal,...
Elias Neocleous & Co. LLC

Elias Neocleous & Co. LLC

Nicosia, Cyprus

Founded in 2017
120 people in their team
English
Greek
Russian
We are the largest law firm in Cyprus by a considerable margin and are generally recognised as  leading law firm in the Southeast Europe. We have more than 140 fee-earners operating out of three offices in Cyprus and an international network of offices in the main destinations for investment...
View profile
Demetris Ch. Demetriades LLC

Demetris Ch. Demetriades LLC

Nicosia, Cyprus

Founded in 2016
5 people in their team
Greek
English
Demetris Ch. Demetriades LLC is a law firm based in Nicosia, Cyprus specialising in the areas of corporate & commercial transactions, Real estate, Wills & Estate, intellectual property, shipping, investments, immigration and Cyprus Citizenships and Residency.Our portfolio consists of...
CTA LAW FIRM (C.T. Antoniou & Co. LLC)

CTA LAW FIRM (C.T. Antoniou & Co. LLC)

15 minutes Free Consultation
Nicosia, Cyprus

Founded in 2020
4 people in their team
English
Greek
CTA Law Firm is a boutique law firm regulated by Cyprus Bar Association. CTA Law Firm provides a wide range of legal services focusing on the Corporate Law, Real Estate Law and Financial Services. We preserve strong relationships with an international network of lawyers and offices, worldwide,...
Michalis C. Zambartas - Advocates, Legal & Tax Advisors

Michalis C. Zambartas - Advocates, Legal & Tax Advisors

30 minutes Free Consultation
Nicosia, Cyprus

Founded in 2014
5 people in their team
English
Greek
French
Turkish
We are a modern international practice located in a central business area of Nicosia. The members of our firm have a pedigree of working and leading the most prestigious firms in Cyprus.Our core practice areas are corporate/commercial law, corporate litigation, mergers and acquisitions, financial...
AS SEEN ON

About Mortgage Law in Nicosia, Cyprus

In Nicosia, Cyprus, mortgage laws are designed to protect both the lenders and borrowers during the process of obtaining a mortgage loan. The mortgage scene in Cyprus is dominated by local banks and any form of investment in real estate requires understanding the legal framework concerning taxes, rights, and obligations tied to mortgages.

Why You May Need a Lawyer

There are many scenarios where a lawyer's expertise is beneficial when dealing with mortgages. You may need a lawyer to help you understand the terms of your mortgage contract, to oversee potential conflicts of interest, and to ensure you are not being targeted by predatory lending practices. Lawyers can also help navigate complex legal terminologies and procedures for more complicated mortgage transactions, rental disputes, or in instances of mortgage fraud.

Local Laws Overview

Key aspects of mortgage laws in Nicosia include strict regulations on mortgage lending to limit speculation in the property market, as well as the legal right of the lender to take possession of the property if the borrower fails to keep up with repayments. Importantly, the law also provides the borrower with the right to early full or partial repayment of the mortgage. Additionally, there are consumer protection laws that govern disclosure of information and fair lending practices.

Frequently Asked Questions

Is there a minimum down payment required for a mortgage in Nicosia?

Yes, a minimum down payment is typically required. The exact amount can depend on the lender, the property value, and your financial circumstances.

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

In the event that you're unable to make payments, the lender might start foreclosure proceedings to seize the property. It's important to talk to your lender at the earliest sign of financial trouble.

Can I pay off my mortgage early?

Yes, by Cypriot law, you have the right to early full or partial repayment of your mortgage. However, some lenders may charge an early repayment fee.

What are the typical mortgage terms in Nicosia?

Typically, the mortgage term varies between 10 and 20 years, but the specifics depend on the lender and your individual circumstances.

Am I required to have insurance on my mortgaged property?

Yes, property insurance is mandatory for properties mortgaged in Nicosia and throughout Cyprus. The property serves as collateral for the mortgage loan, and insurance ensures that the value of that collateral is maintained.

Additional Resources

The Cyprus Consumers Association and the Cyprus Property Action Group are organizations that offer advice and support. The Central Bank of Cyprus has oversight of lenders in Cyprus, and its website also has useful information.

Next Steps

If you require legal assistance, gather all relevant documents related to your mortgage or property and seek legal counsel. Ensure that the lawyer you choose specializes in real estate and mortgage law in Nicosia. Plan your steps carefully and never make rushed decisions when it comes to properties and mortgages.

Lawzana helps you find the best lawyers and law firms in Nicosia 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 Nicosia, 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.