British High Commission looking into Cyprus title deeds mess
The British High Commission will take a close interest in measures taken by the Cyprus government to sort out the problems of expats left without their title deeds.
As some property buyers worried about the implications of not holding legal ownership to their properties, two questions were placed before the House of Lords in November detailing the concerns of those buyers. The House of Lords has issued a written answer to the debacle.
Lord Malloch-Brown answering on behalf of government said that British High Commission is in discussions with the Cyprus government over the matter, with the average title deeds on the island taking between ten and 15 years, with 100 home owners still waiting, of which 30,000 are foreigners including Brits. He also confirmed that they have received assurances that the Cyprus government intended to introduce a bill to address this issue.
He added that this issue has the potential to affect a large number of British citizens who have purchased property in Cyprus and they have a close watch on the issue of title deeds for expats currently living in the Cyprus. To a second question asked by Lord Jones of Cheltenham, Lord Malloch-Brown said property seekers must always use an independent lawyer and ensure they obtain title deeds.
Nigel Howarth, a resident and owner of advice website cyprus-property-buyers.com, told the Business Life magazine that British purchasers can contact the British High Commission for a list of independent lawyers in Cyprus.
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