From Dreaming to Owning! PLAN Homes and the 10% Housing Authority Deposit Scheme Explained

There’s a growing generation of young people in Malta who dream of owning their own home, but between rising property prices and high upfront costs, many are unsure where to start. If you’re aged between 21 and 39 and thinking of buying your first residential property, there’s good news: the 10% Deposit Scheme by the Housing Authority could be the helping hand you need. 

At PLAN Homes, we meet clients every day who are working hard, saving what they can, but still struggling to meet traditional deposit requirements. That’s where housing authority schemes like this one come in, offering practical support for young adults who are ready to take the next step. 

How does the 10% Deposit Scheme work? 

If you’re eligible, the scheme allows you to take a personal loan from a local bank to cover the 10% deposit typically required when signing a promise of sale. This personal loan is repayable over 25 years. The key benefit? The Housing Authority covers the interest on that loan for the full term or until it’s repaid (whichever comes first). 

So, while you are responsible for paying back the deposit amount over time, you won’t be charged interest on the personal loan, which can make a real difference to your monthly budget. It’s a straightforward but impactful initiative that makes the deposit stage of home-buying more manageable for younger buyers. 

This scheme falls under a wider effort by the government to support first-time buyers through housing authority schemes that remove some of the common financial roadblocks. And while the scheme applies only to first-time buyers using the property as their primary residence, it opens the door to homeownership for many who would otherwise be left behind. 

Why PLAN? 

Our role at PLAN isn’t just to build quality homes; it’s to support people through every stage of the home-buying journey. From answering early questions about financing to handing over the keys, we’re right beside you. 

We understand that buying a home isn’t just a financial transaction…it’s a life milestone. Whether you’re actively looking or just starting to explore the idea, our team can guide you through how housing authority schemes like this one can be part of your plan forward. 

Want to see what we’ve already helped others achieve? Take a look at our Past Developments. From modern apartments to contemporary penthouses across the island, our projects are designed to meet real needs and lifestyles. 

Is it the right time for you? 

If you’re between 21 and 39 and looking to buy your first home, this could be the perfect time to take the next step. The 10% Deposit Scheme is available for a limited period and subject to eligibility, so we recommend reaching out to us sooner rather than later. 

At PLAN, we’re ready to help you make sense of the process, whether that means explaining the scheme in more detail, connecting you with banks, or showing you around available properties. 

Let’s talk today. Your future home might be closer than you think.  

Get in touch at planhomes.com.mt/contact-us/