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Cyprus question raised in Lords

Seeking to end speculation surrounding the Cyprus Government’s promise to resolve the Title Deed problems encountered by thousands of British citizens who have bought property on the island, Lord Jones of Cheltenham has tabled a further written question in the UK House of Lords seeking a progress report on the matter.

Cyprus property exchange schemes target UK homeowners

There’s a very real possibility that you could end up buying a property being blissfully unaware that it’s mortgaged; you’ll only discover this later, when you come to sell the property or when the bank comes knocking on the door to repossess it because the developer has not repaid the loan.

HELP – I can’t pay the mortgage!

The worst thing you can do is bury your head in the sand and hope that the problem will somehow go away; it will not. The first thing you must do is discuss the problem with the bank that loaned the money

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