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Buying your first home

A step by step guide to buying your first home

What to expect when you're buying your first home

Thinking of buying your first home? You're not alone.

It’s important that you find out as much as possible about what's involved. Our lending specialists are here to help you on your journey to becoming a home owner.


Find out how much you could borrow

Work out how much you can afford to put down as a deposit.

  • you'll need a deposit of at least 10% of the property’s cost
  • you can usually borrow up to 5 times your salary
  • don't forget to consider the other costs associated with buying a home, such as notary costs, property valuation, legal fees and stamp duty

Shop around for a home loan 

After finding the right property, there are a number of things you need to consider when deciding which home loan is right for you.

  • type of home loan
  • interest rate and fees
  • long-term commitment

Start your application

You'll need the following information for your application.

  • preliminary agreement – make sure your notary explains it in detail
    • deposit – if you’re leaving a deposit, make sure you’re given at least 6 weeks to apply for the loan and the preliminary agreement states ‘subject to bank loan and all Planning Authority permits are in order’ 
    • ID number and / or passport number
    • proof of income (FS3 and your 3 latest payslips)
    • details about the type of property you intend to buy
    • details of current borrowings including outstanding balances, monthly repayment, interest rate and maturity date of credit facility
    • second applicant’s details if you're applying jointly with someone else


Finalise your application

  • you'll have a dedicated lending specialist who will guide you through the whole process
  • after the application is submitted, we will issue a sanction letter
  • your lending specialist will explain the sanction letter in detail
  • when all the necessary conditions and documents outlined in the sanction are fulfilled, we will give an appointment to your notary to liaise with you and the seller to sign the final deed

Apply over the phone

To get a quote and apply, give our advisers a call on

Lines are open from 8.00am to 8.00pm, except Sundays and public holidays

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Approved and issued by HSBC Bank Malta p.l.c, (116, Archbishop Street, Valletta VLT 1444). HSBC is a public limited company regulated by the Malta Financial Services Authority and licensed to carry out the business of banking in terms of the Banking Act (Cap.371 of the Laws of Malta). HSBC is licensed to conduct investment services in terms of the Investment Services Act (Cap.370. of the Laws of Malta) and is enrolled as a Tied Insurance Intermediary for HSBC Life Assurance (Malta) Ltd under the Insurance Distribution Act (Cap. 487 of the Laws of Malta).




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