Payment Plans
At Coast & Country Homes, we understand that buying in a property abroad, whether for personal use or to let, is a major investment. As our clients financial needs are very important to us, we take time to interview you to understand what type of financial terms best suit your needs, and are then able to offer you the best property option to suit those needs, and negotiate the best terms for you. There are several types of properties to choose from, which also determine the types of payment plans or mortgages available:
1. OFF PLAN PROPERTY
As Northern Cyprus is a quickly developing property boom, we have many interesting properties for sale off plan, which typically offer at least 20% less price point than a completed property. This is an excellent investment opportunity as the capital appreciation is guaranteed. It is possible to view off plan property with one of our agents, by visiting the location of the project or property, understanding the land boundaries, views, and even meeting with the developers to assist in determining the best option in your budget. Coast & Country Homes sells only the off plan projects from reputable developers in Cyprus, who have delivered hundreds of properties to happy clients. Each Off Plan project goes through our legal teams scrutiny, including ensuring Build Permissions, Title Deeds, and Contractual Obligations specific to Off Plan sales are in place. Off Plan Payment Schemes include the following options:
- Long term mortgage up to 10 years with interest
- Short term mortgage up to 2 years interest free
- Stage payments according to construction progress
2. UNDER CONSTRUCTION PROPERTY
Purchasing a property under construction is also a great way to keep your price point low, while still be able to view the property under construction. Under Construction Payment Schemes usually include:
- Long term mortgage up to 10 years with interest
- Short term mortgage up to 2 years interest free
- Stage payments according to construction progress
3. COMPLETED NEW BUILD
At Coast & Country Homes we have many brand new properties recently completed for viewing. Typically a completed property requires cash payment in full within 2 weeks of contract singing. However, at Coast & Country we have several special offers currently on completed new build properties, including only 5,000 GBP down-payment and the remaining over 10 years!
- 2000 GBP Reservation Deposit (immediately takes the property off of the market for a maximum of 2 weeks)
- Initial Deposit upon signing of contract (amount dependent on seller)
- Full payment of property within 21 days of contract signing
4. RESALE
Resale properties fall into 2 categories. Either the property has previously been purchased and has been occupied by the owner or tenants and it is now up for resale. Or, the property has been sold by the developer to a client, and the developer has since bought back the property for any reason. Often times this is an excellent opportunity to buy a property which is fairly new and has never been lived in at a discounted price!
- 2000 GBP Reservation Deposit (immediately takes the property off of the market for a maximum of 2 weeks)
- Initial Deposit upon signing of contract (amount dependent on seller)
- Full payment of property within 21 days of contract signing