What you can borrow, and what it costs you.
Your monthly repayment, what a bank is likely to lend, and the full cost of completing: deposit, stamp duty, notary and permits.
Monthly repayment€1,250 /moOn a €270,000 loan · 90% loan-to-value
Cash required€38,600
Deposit€30,000
Stamp duty€5,000
Notary fees€3,000
Searches & registration€600
€38,600
Total repaid€450,148
Of which interest€180,148
Loan €270,000Interest 40%
TodayYear 30
Figures are indicative and for guidance only, not a mortgage offer or financial or tax advice. A bank's decision depends on your full circumstances, and stamp duty, permit fees and lending rules change. Confirm the current position with your bank and notary before you commit.
A few things specific to Malta
The figures above fold in the costs and rules that tend to catch people out when buying here.
- First-time-buyer relief
- First-time buyers pay no stamp duty on the first €200,000 of the price, up to €10,000 saved against the standard 5%.
- The AIP permit
- Buyers who aren't Maltese residents usually need an Acquisition of Immovable Property permit to buy outside a Special Designated Area, a fixed government fee.
- Notary and searches
- The notary runs the searches and draws up the promise of sale and final deed, for around 1% of the price plus registration.
- What a bank will lend
- The Central Bank of Malta caps the loan at 90% of value for a first home and stress-tests repayments against a rate rise; the loan must usually be repaid by age 65.