p>According to information from KEDIPES, the call center has been receiving hundreds of calls since the day the start of the Plan was officially announced, while the number of calls has increased today. At the same time, traffic is recorded at KEDIPES regional service offices in Nicosia, Limassol, Larnaca, Paphos and Famagusta.
In his statement, the President of KEDIPES Lambros Papadopoulos, expresses satisfaction for the positive response of the world to the Plan and notes that applications are being accepted from today.
It urges eligible borrowers to “take very seriously this opportunity provided by the Scheme as it is a very favorable settlement and resolution of their non-performing loans”.
The operators at the Service Centers and the telephone A KEDIPES center, 22743400, set up specifically for Rent Against Installment, is at the disposal of borrowers to answer and resolve any queries they may have especially regarding their potential eligibility as well as to offer any assistance in completing the application. them, he concludes.
This Scheme, which aims to protect vulnerable non-performing borrowers from losing their homes, is the fourth government support scheme for home-secured borrowers after HESTIA, OIKIA and the Equal Burden Sharing Agency scheme.
With this new plan, eligible borrowers will become tenants, since the ownership of their residence will be transferred to KEDIPES, their loan will be written off, beyond the value of the collateral, and the state will pay the rent for a period of 14 years, with the right repurchase after five years at a preferential price. For people over 65, the rent payment is for life.
According to KEDIPES estimates, the eligible borrowers amount to around 2,500. The scheme will be open for application for participation for a period of nine months.
Applications can be submitted to the five KEDIPES provincial offices from which applications can be obtained, as well as from the website of the state organization, www.kerdipes.org.cy.
< p>The loan secured by the main residence was non-performing as of December 31, 2021 and December 31, 2022. The market value of the main residence is up to €250,000 after assessments to be made. The applicant resides in the principal residence from January 1, 2021 for at least six months per year.
Eligible borrowers are those who are recipients of the benefits below between January 1, 2021 and December 31, 2022.
Public assistance, EEE, child benefit with annual gross family income up to €19,500 and with the value of other immovable property up to €100,000, child benefit for a large or three-child family for three dependent children or more, single-parent family benefit, pensioner's benefit with low incomes, pension disability allowance, gross motor disability allowance, paraplegic/quadriplegic care allowance, blind allowance and mobility allowance for dialysis patients, thalassemia and disabled persons.
All applicants under the Schemes are also eligible. “Home” and “House”, which were assessed as eligible, but not viable with a market value of a main residence up to €350,000. All applicants to Home and Home Schemes who were approved for membership in these Schemes and subsequently terminated are still eligible.
All scheme information and application form available on the special website of KEDIPES.