Home loan/Mortgage in Malta

I would assume you would have to wait until you have your residence card, it’s not easy opening bank accounts here.

Hiya,

I presume you mean the temp residency card which you have for the first five years...

I don’t know but I would not rush to buy somewhere here it’s best to rent for a while to see whether you like living here.

I have never made a bad investment when buying property... Really after more info around how easy it is to get a home loan in Malta for European/Australian citizens....Thanks though

Have you actually moved here yet?  If not have you visited Malta?

Haven't moved yet but have been to Malta many times

Generally you need to be here 12 months to get a mortgage and will need 30% deposit.

When I got my first house I started the process around 9 or 10 months after arrival and eventually got them to settle on 20% (HSBC)

When I got our 2nd house I was allowed the minimum for 2nd houses which is 15% deposit.

In both cases the process was from August to December and I doubt you'd get it shorter.  You'll need life insurance to cover the loans.

(edit) I'd add that's actually a blessing in disguise, since Malta can be quite a difficult place to figure out where you want to settle long term and what to look for.