Mortgage & Buyer Guide

Blue Sea Dream has a dedicated communication channel with the International Business Unit (IBU) of Bank of Cyprus. This guide summarizes the mortgage terms, rate options and fees for Aradippou Residences buyers, and the step-by-step approval process.

Core Mortgage Characteristics

Maximum repayment period: Up to 20 years
Minimum loan duration: 10 years (variable rate) or 15 years (fixed rate)
Borrower age at maturity: Generally up to 60–65, evaluated case-by-case
Minimum contribution (equity): 30% minimum, 40% recommended for non-residents
Capital grace period: Up to 12 months, available during construction

Green Housing Loan Benefit

Aradippou Residences is certified Energy Performance Class A. Qualifying buyers are entitled to a 0.15%–0.20% interest-rate discount, applied immediately on variable-rate schemes, or from the post-fixed conversion date on fixed-rate schemes.

The Green Housing Loan benefit is subject to the applicable bank's own eligibility criteria and approval.

Interest Rate Options

Indicative rates as of 14 November 2025, including the Green Housing Loan discount for Aradippou Residences.

Variable Option A (BOC Base-linked)

4.54%

Tracks the Bank of Cyprus base rate plus a fixed margin. The Green discount applies throughout the term.

Variable Option B (ECB-linked)

4.20%

Tracks the European Central Bank base rate plus a fixed margin. The Green discount applies throughout the term.

3-Year Fixed

3.10%

Fixed for 3 years, then converts to a variable option (Green discount applies from conversion).

5-Year Fixed

3.20%

Fixed for 5 years, then converts to a variable option (Green discount applies from conversion).

10-Year Fixed

3.60%

Fixed for 10 years, then converts to a variable option (Green discount applies from conversion).

Rates and figures shown are indicative only and subject to bank approval. Blue Sea Dream is not making the credit decision.

Set-Up Fees & Government Charges

Arrangement fee: 1.00% of loan amount
Documentation fee: €75 (loans over €20,000) or €50 (up to €20,000)
Property valuation fee: €238 (properties up to €300,000)
Government mortgage registration fee: 1.00% of the registered mortgage amount (110% of the actual loan)
Inward transfer fee: €2–€25 depending on amount transferred
Currency exchange fee: 0.40% if funds are transferred in a non-EUR currency (min €5, max €400)

Mortgage Process

Stage 1
Eligibility Check
Initial documents and credit scoring. No bank account required yet.
Stage 2
Valuation & Bank Account
Open a Bank of Cyprus account, then the bank commissions the property valuation.
Stage 3
Loan Approval & Legal
Final loan sanctioning and attorney-signed legal declarations.
Stage 4
Construction Drawdowns
Funds released bimonthly against construction-stage certificates.

Where relevant, transactions may involve established Cypriot financial institutions, including Bank of Cyprus, subject to the bank's own requirements, approvals and procedures.

Blue Sea Dream does not provide banking, investment, tax or financial advice. Clients should obtain independent professional advice where appropriate.

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