Mortgages and Property

Malta

Loans available for the majority of Nationalities for either House Purchase or re-financing for Home Improvement purposes only.

Type of Loan: Repayment Mortgage only

Amount of Loan: a minimum Purchase Price of £40,000; Maximum 90% of the Valuation or Purchase Price (whichever is the lower)in Maltese Lira or 80% in other Major Currencies

Proof of Income: required in all cases (can be made up of Earned Income, Pension, Investment or Rental Income. Please note however, it is not always the case that the Lender will take all or part of these Incomes into account when determining the maximum loan available). Non-Status loans are currently not available.

Term: Maximum 30 years OR age 65

Currency: Maltese Lira or other Major Currencies - see Amount of Loan

Current Variable Interest Rate in Maltese Lira: from 5.25% - dependant on financial status - OR 2.00% above LIBOR in other Major Currencies

Example: Repayment Mortgage of £50,000 over a period of 20 years at an interest rate of 5.25% in Maltese Lira = £ 341.50 capital and interest per month = a total approx amount payable over term of £ 83,960 including capital, interest, arrangement and survey fees.