The Association of Credit Acquiring Companies & Credit Servicers announces that its members have submitted a written interest to participate in the Mortgage to Rent Scheme, following the Ministry of Finance’s invitation to Cypriot Banks and Credit Acquisition Companies on 07/17/ 2023.
It is reminded that the purpose of the Scheme is to protect the Primary Residence of vulnerable households through full settlement of the Credit Facility which is secured by mortgage(s) on the Primary Residence, the market value of which does not exceed €250,000.
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