Helping you invest in rental property
These loans allow you to invest in the property market by buying homes to rent to tenants. So if you're interested in a buy-to-let property, our loans could be the answer.
Get a buy-to-let loan
Why you'll want this loan
Borrow between €60,000 and €600,000
Repay the loan over a maximum term of 25 years
Get a favourable rate of interest
No early repayment fees
Things to consider
Loan amount: Your buy-to-let home loan amount will depend on your individual circumstances, the value of the property you want to buy and your income. Maltese residents can borrow up to 75% of the purchase price or the value of the property, whichever is lowest. Non-residents can borrow up to 65% of the purchase price or the value of the property, whichever is lowest.
Loan term: A buy-to-let may be repaid over a maximum term of 25 years but is to be repaid by retirement age.
Loan type: Variable interest rate.
Life insurance: To ensure that your home loan is repaid in the event of death, having an adequate life insurance is essential. We can also provide a life policy to suit your needs.
Building insurance: You must take out adequate buildings insurance. This should cover the cost of rebuilding your home and we recommend that you review the level of cover from time to time to protect your investment.
Variable interest rates: Variable rates can change over the term of your home loan. We quote the rate as a margin over our Home Loans Base Rate. If the Home Loans Base Rate changes, your variable interest rate will change as well. This will affect your monthly repayment.
Fees: Terms and conditions apply
Think carefully before securing other debts against your home. Your home may be repossessed if you do not keep up repayments on your home loan.
Loan example
The cost of a buy to let loan of €200,000, at a variable borrowing interest rate of 3.90% p.a. for a term of 300 months is illustrated as follows: The APRC will be 4.10% p.a. The loan will be repayable in 299 equal monthly instalments of €1050.92 and one final instalment of €1095.21 . The total sum payable throughout the term of the loan assuming the interest rate remains unchanged will be €316,391.99.
Applicable charges on this loan are as follows - processing fee of €600; processing (legal) fee of €200; updating of searches fee of €41.70; fee for post-deed checking of hypothecary charge of €30; and a bank appointed architect fee of €200 (based on a property value up to €400,000).
The loan is to be secured by a first ranking hypothec and special privilege over the property being financed, a first ranking pledge over a life assurance policy covering the whole loan amount and a buildings insurance policy for the replacement cost of the property being financed. If repayments are not maintained, the bank may take steps to sell the property financed following legal proceedings and the borrower may lose his property. Terms and conditions apply.
What you'll need to apply
- evidence of income: Last 3 months' payslips and FS3 form if you're employed, or 2 income tax returns if you are self-employed
- maltese identify card / residence card; if you're not a Maltese citizen, you'll also need to get your passport
- preliminary agreement or deed of purchase of the property
- details of any current borrowing including outstanding balance, monthly repayment, interest rate and maturity date of facility
- a Bank Appointed Architect's valuation report on our standard valuation form (PDF 302KB)
- details of the second applicant, if you're applying jointly with someone else
Apply in branch
Prefer to speak to someone in person? Find a branch and visit us when it's convenient for you.
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
Online Home Loan drawings
If you have already signed your final deed at our legal office, and would like to continue with works at your property, you may now apply for your home loan drawings online.
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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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