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Bridging Loans in Cyprus

Sometimes there can be a delay between selling one home and buying another. Just like the UK, the Cypriot banking system provides bridging loans to cover the interim period.

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Tel: 0208 1234 709

In Cyprus, Bridging Loans are also available to Non-Residents

Tel: 96 720 333

Information about Cyprus

As is the case in the United Kingdom, the bridging loan is a common means of closing the gap between purchase and sale, and making sure the property you're after doesn't get sold out from under you before you're ready.

Please bear in mind that the type of loan detailed on this page only carries any kind of practical value if you're not only selling a home in Cyprus, but buying another one.


Main Cyprus Mortgages Page
Cyprus Mortgage Information
Cyprus Mortgage Rates
Cyprus Housing Loans (Foreign Currency)
Investor Loans
Bridging Loans
Buy-to-Let Mortgages in Cyprus

Though still available, this type of loan is no longer as common as it was a few years back

General Bridging Loan Terms

CURRENCY British Pound, Swiss Franc, Japanese Yen, US Dollar
LOAN AMOUNT Minimum amount: the equivalent of €20,000. Up to 80% of the Forced-Sale Value of the property securing the loan
REPAYMENT METHOD Interest: monthly Capital, bullet payment at the end of the period.
CAPITAL REPAYMENT GRACE PERIOD (optional) 11 months. The loan can be repaid anytime within the year without early repayment charges
INTEREST RATE → Libor / Euribor + 3,00% up to 60% of the FSV
→ Libor / Euribor + 3,50% up to 70% of the FSV
→ Libor / Euribor + 4,00% up to 80% of the FSV
FSV = Forced Sale Value
CHARGES → 0,50% Arrangement fees upon approval of the loan
→ 0,40% Foreign currency conversion fees
APR (Loan amount Euro 50.000, 15 years repayment period, assuming Euribor at 3.00%, no grace period. → 6.72% when up to 60% of the FSV
→ 7.22% when up to 70% of the FSV
→ 7.72% when up to 80% of the FSV

Pre-Requisites for Bridging Loans
to Non-Residents of Cyprus

In order to enable the proper credit assessment of each application, the following must be provided by the applicant:

  • Photocopy of the applicant's passport (the page with the photograph and persona! information).
  • Bank reference from their existing Bankers.
  • Details of the property to be purchased supported by a copy of the sale contract. (Sale contract must be deposited to the Cyprus Land Registry Office and the receipt should be submitted to the Bank).
  • Full residential address and date of birth.
  • Proof of income (copies of last 6 months salary advices and copies of last 6 months Bank statements)
  • 2 years' tax clearance / certificate from the employer or the accountant. (P60 for U.K. citizens)
  • Copies of the receipts for down-payment made by the applicant against the purchase price.
  • Statement of assets and liabilities duly signed by the applicant.

As security the bank will require the following:

  • First Legal charge (Mortgage) over the immovable property to be purchased (Where a Title Deed has already been issued for the property) or
  • Assignment of the 'sale of contract' supported by a Letter of Guarantee from the seller's Bank (Where the property has no Title Deed). If the property under development is already used as a security for the financing of the project by the Bank, no Letter of Guarantee is needed.
  • Assignment of a Term Life Policy covering the amount of the loan.
  • Assignment of Fire and Damage Insurance Policy for the House/Apartment in question.
  • The borrower/debtor will have to pay the contribution prior to the release of funds from the loan.
  • Personal Guarantees depending on the credit evaluation.
  • Requests for bridging loans which do not fall within the above parameters can also be examined on case-by-case basis.
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Capital Gains Tax

If you're selling a home in the Republic of Cyprus, capital gains tax is likely to rear its ugly head. But did you know that Cypriot law makes a number of provisions which could ease your tax burden considerably?


Disclaimer. Please note that the loans and rates quoted on this website are displayed as guidelines only. They constitute neither an offer nor contract, nor part of same. E&OE


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Important Information about Cyprus' Title Deeds Issue