Thursday, January 2, 2014

Unique Grace Period on Mortgage Payments only for Lanitis Development’s Clients!

In an unprecedented move towards boosting property sales, whilst at the same time easing the burden of mortgage payments for buyers, owner and developer of Aphrodite Hills Resort, Lanitis Development Ltd, has announced a new and exclusive mortgage scheme, solely intended for its clients. The scheme allows increased long-term affordability for mortgage loans on completed properties and on those in the process of being constructed.

After an initial 40% down payment from the buyer, a grace period for both capital and interest payments is set in place for 2 years or until delivery of the property, whichever comes first. Mortgages on completed properties have a 2-year grace period on capital only - and in either case, there is no penalty for early repayment.

Additionally, interest rates are based on 6 month’s Euribor plus the bank’s margin and arrangement fees are only 0.50% of the loan amount. The duration of the loan can be up to 30 years and is intended for clients who purchase a single unit only. The scheme applies to loans taken out in Euros, although other currencies are offered, different terms will apply.

Lanitis Development Ltd strives to be at the forefront of the Real Estate market in Cyprus, both in the consistently outstanding build quality of its properties - and now with the financing of such properties, offering long-term economical benefits for its valued clients.

For further information, please contact the Aphrodite Hills Real Estate Sales Team:
Tel: +357 26 82 80 50
Twitter: @AphroditeHillRE
Facebook Page: Aphrodite Hills Real Estate

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