Are you looking for a second property? At Bank of Valletta, we can assist you with a home loan built around your personal financial situation.
You are already a home owner and are now looking for a second property. From our end, we can be of service from the financial aspect by assisting you with a home loan tailor built around your financial circumstances.
The main benefits include:
Use our Home Loan Calculator to calculate the amount you can borrow, your monthly repayments and more.
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 25% 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.