Last-minute rush pushes mortgage-to-rent applications past 4,200

A last-minute rush by distressed borrowers has pushed applications to Cyprus’ mortgage-to-rent scheme beyond 4,200, prompting the government to extend the deadline for another two months.

The state-owned asset management company Kedipes has received 4,269 applications since the scheme opened in December 2023, spokeswoman Chara Papakyriacou told the Cyprus News Agency (CNA) on Wednesday....