Malta Mortgage Guide 2026
Everything you need to know about getting a home loan in Malta.
Understanding Mortgages in Malta
A mortgage (konut kredisi) is a loan secured against property, allowing you to purchase a home while repaying over an extended period. Malta's banks offer competitive mortgage products with terms typically ranging from 5 to 40 years.
Minimum Deposit Requirements
10% Minimum Deposit
In Malta, banks typically require a minimum deposit of 10% of the property's purchase price, meaning the maximum Loan-to-Value (LTV) ratio is 90%.
A higher deposit offers benefits:
- Lower monthly payments
- Potentially better interest rates
- Reduced total interest over the loan term
- More equity from day one
Interest Rates
Mortgage interest rates in Malta vary between banks and depend on several factors:
| Rate Type | Description |
|---|---|
| Variable Rate | Fluctuates with the ECB base rate. More common in Malta. |
| Fixed Rate | Locked for a period (1-5 years typically), then converts to variable. |
| Tracker Rate | Follows ECB rate plus a fixed margin. |
As of 2026, typical mortgage rates in Malta range from 3.5% to 5.5% depending on the bank and loan conditions.
Additional Costs
Beyond the deposit, budget for these additional expenses:
- Stamp Duty: 5% of property value (exemptions for first-time buyers)
- Notary Fees: Typically 1-1.5% of property value
- Bank Fees: Arrangement fees, valuation fees
- Insurance: Building insurance is mandatory
Eligibility Criteria
Banks assess your application based on:
- Income: Stable employment or business income
- Debt-to-Income: Monthly repayments shouldn't exceed ~30-40% of net income
- Credit History: Clean payment history
- Age: Loan must typically be repaid before retirement age