If you’ve arranged a mortgage, you must declare it and register it at the Lands Office at the same time as you deposit the signed sale contract. Vasiliou Law will advise you on this and collect all the required paperwork. We will need to complete a Contract and Declaration of Mortgage (N271) in triplicate and prove that all relevant duties and taxes, including utility bills if appropriate, have been paid. Most importantly, the title deed of the property under mortgage will have to be supplied to ensure that there are no other charges on the property. If the property has no separate title (e.g. a property on a new development), the developer must give the bank a guarantee; the cost of this is 1.8 of the loan and you must pay it.