Step 1: Discover what fits your budget  

Take the guesswork out of home buying. Our easy-to-use Loan Calculators can help you estimate the maximum property value you can afford and your instalment.  

From Savings to your Home: Your guide to Contribution & Cost 

• First Home contribution: minimum 20% of purchase price
• Holiday Home contribution: minimum 30% of purchase price 
  

💡Tip: A bigger contribution could earn you a better rate!

Alternative Contribution Options 

No extra savings? No problem! In some cases, we may be able to accept your contribution by mortgaging another property, if it meets the Bank’s criteria.  

Don’t forget to plan for Additional Costs

• Initial Costs: Stamp duty, legal fees, property valuation fees, transfer and mortgage registration fees, and VAT.  
• Ongoing Costs: Consider yearly costs like insurance, property taxes, maintenance, plus your monthly loan instalment.
  

💡Tip: If you are buying in Cyprus, check VAT implications with the seller or consult the Cyprus Tax Department . Calculate the VAT for the purchase / bulding of your house: VAT Calculator              

Start Saving today

Track your spending with BoC Internet Banking under Cards / Expenses or use MoneyFit in the BoC Mobile App to manage your finances and hit your savings goals.

Ready to begin? Open your online savings account instantly. (LINK)

Step 2: Choose the right property for you

Finding the right home is one of the most important steps in your home-buying journey. We’re here to guide you every step of the way! 

Define Your Needs First. Start by identifying what matters most: 

• Location: Is it close to work, schools and essential services?
• Size & Layout: Does it fit your lifestyle and future plans?
• Amenities & Quality: Check building specifications and construction quality.  

Once you know what you want, explore the market:

• New Builds: Visit developer websites or real estate exhibitions  
• Resale Properties or Land: Browse online listings, real estate agents, credit acquisition companies or private sellers. 

💡Tip: Visit the properties in person to get a real sense of the space and the surroundings.  

Planning to build or buy under construction? Here are some tips:

• Review plans and specifications – ask for permitted alterations or optional upgrades 
• Clarify costs included in the offer and plan for any extras  
• Understand the payment plan (as construction progresses) 
• Agree on timelines to avoid delays and unexpected expenses 

Need flexibility?

Contact us for options like payment or interest suspension for the first 12 months—giving you breathing room while your dream home takes shape.

Step 3: You’ve found the property – what’s next? 

Before you sign anything, let’s confirm all the essentials so that you can proceed with confidence:  

Key Documents: Request a draft sale agreement, recent title deed, and Land Registry search certificate to verify ownership, property details, and any rights or restrictions. Ensure any encumbrances are cleared before transfer. 
You can review key property details here DLS Portal  Βασικές-Πληροφορίες-πριν-από-την-Αγορά-Ακινήτου.pdf 

Building Legality: Check for planning / construction issues. 

Energy Performance Certificate: Higher energy efficiency (Class A) means lower rates with our Green Loan! ------ Τομείς Πολιτικής, Ενεργειακή Απόδοση Κτηρίων, Πιστοποιητικά Ενεργειακής Απόδοσης, Υπηρεσία Ενέργειας, Υπουργείο Ενέργειας, Εμπορίου και Βιομηχανίας 
💡Tip: For added comfort, seek legal advice before signing 

Secure Your Property 

To reserve your chosen property, the seller may require a deposit. Once you and the seller agree, we’ll be right here to guide you through your financing options. 

Step 4: Find the rates and plans that work best for you

Choosing the right loan is a big step—and we’re here to make it simple and reassuring. We offer a range of home loan options tailored to your needs. You can find out more  here. 

Pick the Interest Rate and Repayment Plan That Works for You 

You can start with a fixed rate for predictable payments and peace of mind. Later, you can switch to a variable rate for added flexibility. 

What’s the Difference? 

• Fixed Rate: Your monthly instalment stays the same—no surprises. 
• Variable Rate: Payments adjust with market conditions, offering flexibility and potentially lower early repayment costs. 

Discover How to Make Your Home Cost Less 

• Go Green: Enjoy lower rates with our Green Loan for energy-efficient homes. 
• Get Rewards: Join our Pronomia Loyalty Scheme for extra discounts on interest and insurance when you Bank with us.

Ready to Take the Next Step? 

Gather the necessary documents and apply online through our Digital Housing Loan platform—we’ll handle the rest. 

Prefer personal assistance? Book an appointement and we’ll guide you through the process. 

Step 5: Almost Home - your final steps 🏠

Your home-buying journey is complete. Now it is time to settle in. Here are a few practical steps to ensure a smooth move:  

Final inspection:  
Check that everything is in order and any agreed repairs are complete. 

Clear pending issues:  
Ensure no unpaid bills or access cards remain with the previous owner / tenant.  

Secure your home:   
Update locks, alarms, or monitoring systems. Consider home insurance options to protect your property and belongings.
  
Set up essential services:   
Arrange electricity, water, internet and other utilities.
💡Tip:  Set-up direct debit orders for automatic bill payments.
 
Update your address:   
Notify your bank, tax office, insurance providers, and healthcare services. 

Every move brings new needs.
Equip your home with furniture, appliances, and more. With QuickLoans and Fleksy, you can set up your home easily and stress-free.