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More than 5,400 borrowers representing more than 50% of eligible non-performing home owners have applied for the government-funded “Estia” scheme, Minister of Finance Constantinos Petrides has said, announcing the government’s intention to launch a social programme for vulnerable borrowers who cannot follow a viable repayment scheme despite state subsidy.The Estia scheme aims to assist home owners with non-performing mortgages by providing government support, amounting to one third of their annual payments. In a written statement, Petrides said that based on preliminary …
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