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BOV Home Loans
At Bank of Valletta we know that whether you are a first time buyer or acquiring your second residence, the purchase of a new home requires careful consideration.
HomeFirst

Who does not dream about buying the first home?

It is easy to get carried away with the idea of buying a house, but it is important to live within your means. BOV can help you make the right choices.

 

 

Overview
Benefits
Terms & Conditions
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A new chapter in your life means it is finally time to own the home you have been dreaming of.  At BOV we understand that this first step can be made even easier with our support.  In order to make budgeting easier, we have prepared a unique package aimed specifically at offering first-time buyers exclusive benefits.

The main benefits include:

  • A minimum upfront contribution of 10% of the purchase price (and completion works, where applicable)

  • No set limit on maximum loan amount

  • Maximum term of up to 40 years

  • Full refund of advances processing fees upon publication of deed

  • A flat legal fee of €150 (for loans up to €200,000) or €225 (for loans between €200,001 and €350,000), plus out of pocket expenses*
* being €20 per contracting party for updating of searches, €20 for land registry fees and €50 for conservation of special privilege (in case of loan for completion)

Click here for the BOV Home Loan Calculator

 

Loans are subject to normal Bank lending criteria and final approval from your BOV Branch.  

The term of the loan must not go beyond retirement age.

A minimum contribution of 10% of the purchase price and completion works (where applicable) is required. 

A 'European Standardised Information Sheet' (ESIS) will be provided from any BOV branch on inquiry. All relative charges, terms and conditions are quoted in the relative sanction letter.

This home loan product is a credit agreement and may be secured by a hypothec or privilege on residential immovable property and/or by a right related to residential immovable property.

In order to obtain the credit, you will also be required to pledge, in favour of the Bank, a life assurance policy covering the loan amount being financed, and a buildings replacement policy, the cost of which cannot be determined in advance.  

In the case of foreign currency loans, possible fluctuations of the exchange rate could affect the loan amount repayable.  In the event of non-observance of the commitments linked to the credit agreement, you may risk losing the immovable property.

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Interested? Contact us today.  You may click on the ‘Live Help’.  One of our representatives will be able to help you immediately.

You can also choose your next step from the options available below:

Visit the BOV branch of your choice for more details or to receive a personalised home loan quotation 

• Call our Customer Service Centre on 2131 2020 between Monday and Saturdays, from 8.00am to 8.00pm (excluding Bank and Public Holidays)

• Send us a blank sms on 79696975 (normal SMS tariffs apply) and we will return your call for further details

• Send us an e-mail at customercare@bov.com

• Click on the ‘Get in Touch’ icon on the right hand side and submit your query and contact details. We’ll contact you as soon as possible
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BOV Property Form - ADV111
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Bank of Valletta p.l.c. is a public limited company regulated by the MFSA and is licensed to carry out the business of banking and investment services in terms of the Banking Act (Cap. 371 of the Laws of Malta) and the Investment Services Act (Cap.370. of the Laws of Malta).