default on mortgage

[keith31]

Hi,
I bought a property in cyprus 10 years ago and have defaulted on the mortgage for the past 5 years. I had my son take the mortgage as he could get a longer term and therefore a lower repayment. The cyprus bank have now contacted us for there monies. My son has a third share in his uk mortgage with his partner and her father.
1. Can he lose their uk home.
2.If he travels to cyprus, as he is meant to in april, is he at risk of being arrested at customs.

Thank you for any advice.

[Sapphire]

Re: default on mortgage

North or South Cyprus ?
Is the mortgage secured on his UK home ?
I know that if you get say a parking/speeding ticket in the North and don't pay it, you can be arrested on entry for it, I'm not sure about Mortgage defaults though.

[keith31]

Re: default on mortgage

Hi, Thanks.
In the south
No, not secured on the home.

[Sapphire]

Re: default on mortgage

I'm sorry I can't help with the South, my experience is in the Northern side. I think you may be well advised to google a forum for Southern Cyprus, you'll probably find someone else who has similar experiences on there.

Please pop back and let me know how you get on though, I'd be very interested.