HOME OWNERSHIP (ENCOURAGEMENT) 
(SUBSIDY ON INTEREST ON HOUSE LOANS) [ S.L.328.02 1
SUBSIDIARY LEGISLATION 328.02
HOME OWNERSHIP (ENCOURAGEMENT) 
(SUBSIDY ON INTEREST ON HOUSE LOANS) 
(PRIVATE SECTOR) REGULATIONS 
7th September, 1990
LEGAL NOTICE 138 of 1990.
Citation. 
(Encouragement) (Subsidy on Interest on House Loans) (Private
Sector) Regulations.
Making of 
Scheme.
2. The Scheme entitled Subsidy on Interest on House Loans
(Private Sector) Scheme, 1990 (Scheme SHD 16) in the Schedule to
these regulations shall have effect from the coming into force of
these regulations for the encouragement of home ownership in
Malta.
Revocation of 
Scheme HD 14.
3. The Scheme entitled Subsidy on Interest on House Loans
(Private Sector), Scheme HD 14, published by Government Notice
Number 126 in the Government Gazette of the 16th February, 1988
is hereby revoked.
SCHEDULE
(Regulation 2)
Subsidy on Interest on House Loans (Private Sector) Scheme, 1990 
(Scheme SHD 16)
Citation.
House Loans (Private Sector) Scheme, 1990 (Scheme SHD 16) and
shall apply to applications in accordance with the provisions of
clause 3 for the subsidy of interest on house loans.
Interpretation.
"the Act" with reference to clause 21 has the same meaning
assigned to it in that clause;
"applicant" means a person who applies for a subsidy under this
Scheme;
Cap. 261.
"the Authority" means the Housing Authority established by
article 3 of the Housing Authority Act;
"beneficiary" has the same meaning assigned to it in article 2 of
the principal Act;
"the Director" means the Director of Social Housing and includes
any person authorised to act in his behalf;
"dwelling-house" has the same meaning assigned to it in article 2
of the principal Act;
"emphyteusis" includes sub-emphyteusis;
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HOME OWNERSHIP (ENCOURAGEMENT) 
(SUBSIDY ON INTEREST ON HOUSE LOANS)
"Government" means the Government of Malta;
"lease" includes sub-lease;
"ordinary residence" does not include a summer residence;
"prescribed" means prescribed by the Director;
Cap. 328. "the principal Act" means the Home Ownership
(Encouragement) Act.
Applications for 
subsidy on house 
loan.
3. (1) Any person qualified to do so under this Scheme may
make an application on the prescribed form to the Director
requesting the subsidy of a loan to him for any of the purposes
mentioned in clause 5.
(2) A person shall qualify to make an application as aforesaid
where, on the date of the application and subject to the other
provisions of this Scheme:
( a ) the applicant or, in the case of a married or engaged
couple, the applicant’s spouse or fiancée/fiancé, is a
citizen of Malta; and
( b ) the applicant is a resident of Malta and has been so
resident continuously for not less than twelve
consecutive months immediately preceding the date of
the application; and
( c ) the applicant does not require the approval of the
Minister responsible for finance to acquire immovable
property in Malta; and
( d ) the applicant does not hold a tenement, other than the
dwelling-house to be disposed of in accordance with
the provisions of clause 6 where applicable, under a
title of absolute ownership or a title of perpetual
emphyteusis or a title of temporary emphyteusis for
more than forty years from the date of the application,
which tenement can be occupied by the applicant as
his ordinary residence.
(3) Subject to the provisions of sub-clause (2), an application
by persons engaged to each other shall be made in their joint names
and both must be over eighteen years of age. In such a case they
shall be jointly and severally liable for the carrying out of all the
conditions laid down in this Scheme.
(4) An applicant who is an unmarried person shall qualify to
make an application under this Scheme only if the applicant is over
thirty years of age.
(5) Unless otherwise specified elsewhere in this Scheme, a
person shall not qualify to make an application under this Scheme
if the applicant or the applicant’s spouse has already benefited
under:
( a ) the scheme published by Government Notice Number
124 in the Government Gazette of the 16th February,
1988 or any other scheme substituting it;
( b ) any assistance under what used to be known as the
"Home Ownership Scheme" or any other house
HOME OWNERSHIP (ENCOURAGEMENT) 
(SUBSIDY ON INTEREST ON HOUSE LOANS) [ S.L.328.02 3
purchase assistance for the encouragement of home
ownership by the Department of Social Housing or by
the Land Department or by the Authority or by any of
them jointly.
(6) A person who, as an engaged person, had benefited under
this scheme or any of the schemes published by -
( a ) Government Notice Number 11 in the Government
Gazette of the 6th January, 1987;
( b ) Government Notice Number 12 in the Government
Gazette of the 6th January, 1987;
( c ) Government Notice Number 126 in the Government
Gazette of the 16th February, 1988;
and whose engagement was subsequently terminated, shall qualify
once only to make an application under this Scheme provided that,
in addition to the other conditions laid down in this Scheme, on the
date of the application that person is married to a person different
from the one to whom he had been engaged as aforesaid and five
years had elapsed from the date when the subsidy of the original
loan is terminated by the Director.
(7) Any application under this Scheme shall be accompanied
by such documents as the Director may require and the Director
may require the applicant to produce any additional documents
which he may consider necessary for the purposes of this Scheme.
(8) An applicant whose application is approved shall be
required to enter into an agreement with the Director before the
applicant can benefit from the provisions of this Scheme and if the
applicant fails to sign the said agreement when called upon to do so
by the Director the said application shall be deemed to have been
abandoned and the approval thereof by the Director shall be
without any effect whatsoever.
(9) Any expenses incurred by the applicant in connection with
the application shall not be recoverable by the applicant whether or
not the application is successful.
Information.
his financial means as he may be required to give by the Director
and for this purpose the applicant shall authorise the Commissioner
of Inland Revenue, and any other person as may be necessary, to
give the Director any information concerning the applicant’s
income and financial affairs.
(2) The Director may require the applicant to sign any
declaration he may consider necessary for the carrying out of this
Scheme and the applicant shall allow the Director the inspect the
applicant’s ordinary residence and any other tenement held by him
as the Director may require.
Purpose of loan.
following purposes:
( a ) for the purchase of a dwelling-house other than a
Government dwelling-house;
( b ) for the construction or completion of a dwelling house
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HOME OWNERSHIP (ENCOURAGEMENT) 
(SUBSIDY ON INTEREST ON HOUSE LOANS)
on land purchased by the applicant other than from the
Government:
Provided that the dwelling-house or land is to be held or is
held by the applicant under a title of absolute ownership or of
perpetual emphyteusis or of a temporary emphyteusis for forty
years or more and the dwelling-house will be used exclusively as
the ordinary residence of the applicant and his family:
Provided also that where the aforesaid title is one of
temporary emphyteusis for less than forty years, the applicant shall
not be disqualified for that reason alone if the said emphyteusis is
for more than twenty-four years and the emphyteuta is under an
obligation to redeem the ground rent within the said period.
Change of ordinary 
residence by 
absolute owner or 
perpetual 
emphyteuta.
6. (1) Where a person who qualifies to make an application
under this Scheme occupies as his ordinary residence a dwelling-
house under a title of absolute ownership or of perpetual
emphyteusis and wishes to change to another ordinary residence,
that person may apply for a subsidy in accordance with the
following provisions of this clause.
(2) Before making an application the applicant must have
entered into a promise of sale agreement in respect of the dwelling-
house occupied by the applicant as an ordinary residence.
(3) Before being able to finalise the loan and withdraw funds
in terms of the loan agreement the applicant must conclude the
deed of sale in respect of the dwelling-house covered by the
promise of sale agreement as aforesaid.
(4) The proceeds of the sale in accordance with sub-clause (3)
must all be used to finance the purchase of the dwelling-house in
respect of which the loan has been advanced.
(5) Where the applicant sold the dwelling-house which used to
be occupied by him as his ordinary residence, immediately before
the application or within twelve months immediately preceding the
date of the application, the proceeds from that sale shall be used to
finance the purchase by the applicant of the dwelling-house in
respect of which a loan may be advanced and a subsidy granted
upon the application in accordance with the provisions of this
clause.
(6) The Director shall have the right to appoint one or more
architects to determine the market value of the dwelling-house sold
or to be sold by the applicant under the provisions of this clause
and the value so determined and approved by the Director shall be
deemed to be the proceeds from the sale for the purposes of sub-
clauses (4) and (5).
Change of ordinary 
residence by 
temporary 
emphyteuta.
7. (1) Where a person who qualifies to make an application
under this Scheme occupies as his ordinary residence a dwelling-
house under a title of temporary emphyteusis and wishes to change
to another ordinary residence but does not wish to comply with the
provisions of clause 14( d ), that person may apply for a subsidy
under this Scheme in accordance with the following provisions of
this clause.
HOME OWNERSHIP (ENCOURAGEMENT) 
(SUBSIDY ON INTEREST ON HOUSE LOANS) [ S.L.328.02 5
(2) The provisions of clause 6(2) and (3) shall  mutatis
mutandis  apply in respect of the remaining period of the
emphyteusis.
(3) Where an application is made in accordance with the
foregoing provisions of this clause the maximum subsidised loan
allowable under this Scheme shall be reduced by one thousand five
hundred liri (Lm1,500)
(4) Where a person has already transferred the remaining
period of the emphyteusis he shall not, for that reason alone, be
disqualified from making an application under this clause provided
that where the transfer took place immediately before the
application or within twelve months immediately preceding the
date of the application the provisions of sub-clause (3) shall apply.
Persons having 
already obtained a 
loan.
8. Any person who, before the coming into force of this
Scheme but since the 14th November, 1987, obtained a loan from a
financial institution, as may be approved by the Director, for the
purchase, construction or completion of a dwelling-house occupied
by him as his ordinary residence shall not, for that reason alone, be
disqualified from making an application for a subsidy under this
Scheme provided he would otherwise so qualify to make such an
application.
Conditions of loan.
the purposes mentioned in clause 5 shall be borrowed from a
financial institution approved by the Director and the amount of the
loan which shall attract a subsidy under this Scheme shall not
exceed the maximum limit as laid down in clause 10. 
(2) The loan shall be repaid within a maximum period of
twenty-five years depending on the income of the beneficiary in
accordance with the terms agreed upon between the beneficiary and
the aforesaid financial institution.
Subsidisation of 
interest.
10. (1) Subject to the following provisions of this clause, the
Director shall subsidise the interests payable on a loan made in
accordance with this Scheme so that the interests payable by the
applicant whose application has been approved shall be at the rate
shown in the second column of Table A annexed to this Scheme up
to the maximum limit shown in the third column of the said Table
and according to the value of the dwelling-house, as may be
determined by the Director, shown in the first column of the same
Table.
(2) Where the application is made by persons engaged to each
other or by an unmarried person in accordance with the provisions
of this Scheme, the rate of interest otherwise payable by the
applicant under the provisions of sub-clause (1) shall be increased
by 1% if the application is approved:
Provided that where the persons engaged to each other
subsequently marry each other or where the unmarried applicant
subsequently becomes married, the rate of interest payable under
this sub-clause may, upon an application accompanied by a copy of
the act of marriage from the Public Registry, be reduced by 1%.
(3) Where the dwelling-house in respect of which the
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HOME OWNERSHIP (ENCOURAGEMENT) 
(SUBSIDY ON INTEREST ON HOUSE LOANS)
application is made is the ordinary residence of the applicant and
his family consisting of five or more members, including the
applicant, the rate of interest otherwise payable by the applicant
under the provisions of sub-clause (1) shall be reduced by 0.5%.
(4) Where at the time of the application the dwelling-house in
respect of which the application is made is the ordinary residence
of the applicant and his family which consists of less than five
members including the applicant but the number of members in the
family subsequently increases to five or more the rate of interest
may, upon application, be reduced as provided in sub-clause (3)
with effect from the date that the next payment of interest is due.
(5) The Director shall have the right to determine the market
value of the dwelling-house mentioned in sub-clause (1) in the
manner provided in clause 6(6) and in that case the value so
determined and approved by the Director shall be the value of the
said dwelling-house for the purposes of this clause.
Houses built and 
ready for 
habitation before 
1st January, 1939.
11. (1) An applicant whose application refers to the purchase
of a dwelling-house which was built and ready for habitation before
the 1st January, 1939 shall, if the application is approved, be
entitled to an additional soft loan up to a maximum of three
thousand liri (Lm3,000) the interests on which shall be subsidised
by the Director so that the interests payable by the applicant
thereon shall be at the rate of 1.5% provided that the total amount
of the loans granted shall not exceed 80% of the purchase price of
the dwelling-house.
(2) The soft loan mentioned in sub-clause (1) may be availed
of before the loan mentioned in clause 10 but the said soft loan
shall not be allowed where the value of the dwelling-house as
determined by the Director exceeds fifteen thousand liri
(Lm15,000).
(3) Where the value of the dwelling-house determined as
aforesaid exceeds fifteen thousand liri (Lm15,000) the applicant
may benefit from the soft loan provided for in clause 12.
(4) An applicant under this clause may also apply for a further
loan not exceeding two thousand liri (Lm2,000), at the subsidised
rate of interest mentioned in clause 10 for the purpose of carrying
out improvements in the purchased dwelling-house.
(5) Notwithstanding the provisions of clause 3(5), a person
who benefits, or qualifies to benefit, under this clause shall not be
disqualified for that reason alone from benefiting, after the coming
into force of these regulations, under the scheme published by
Government Notice 124 in the Government Gazette of the 16th
February, 1988 or under any other scheme substituting it.
Houses built and 
ready for 
habitation on or 
after the 1st 
January, 1939 but 
before the 1st 
January, 1960.
12. (1) An applicant whose application refers to the purchase
of a dwelling-house built and ready for habitation on or after the 1st
January, 1939 but before the 1st January, 1960 shall, if the
application is approved, be entitled to an additional soft loan up to
a maximum of two thousand liri (Lm2,000) the interests on which
shall be subsidised by the Director so that the interests payable by
the applicant shall be at the rate of 2.5% provided that the total
HOME OWNERSHIP (ENCOURAGEMENT) 
(SUBSIDY ON INTEREST ON HOUSE LOANS) [ S.L.328.02 7
amount of the loans granted shall not exceed 80% of the purchase
price of the dwelling-house.
(2) The soft loan mentioned in sub-clause (1) may be availed
of before the loan mentioned in clause 10 but the said soft loan
shall not be allowed where the maximum value of the dwelling-
house as determined by the Director exceeds twenty thousand liri
(Lm20,000).
(3) Where the maximum value of the dwelling-house
determined as aforesaid exceeds twenty thousand liri (Lm20,000),
the applicant may benefit from the soft loan provided for in the
following clause.
(4) The provisions of clause 11(4) and (5) shall apply to an
applicant or a person who benefits or qualifies to benefit under this
clause.
Houses built and 
ready for 
habitation on or 
after the 1st 
January, 1960 but 
before the 1st 
January, 1980.
13. (1) An applicant whose application refers to the purchase
of a dwelling-house built and ready for habitation on or after the 1st
January, 1960 but before the 1st January, 1980 shall, if the
application is approved, be entitled to an additional soft loan up to
a maximum of one thousand liri (Lm1,000) the interests on which
shall be subsidised by the Director so that the interests payable by
the applicant thereon shall be at the rate of 3% provided that the
total amount of the loans granted shall not exceed 80% of the
purchase price of the dwelling-house.
(2) The soft loan mentioned in sub-clause (1) may be availed
of before the loan mentioned in clause 10 but the said soft loan
shall not be allowed where the value of the dwelling-house as
determined by the Director exceeds twenty-five thousand liri
(Lm25,000).
General 
obligations of 
successful 
applicant.
14. The applicant whose application has been approved shall:
( a ) for as long as the loan is outstanding, keep the
dwelling house in question in a good state of repair to
the satisfaction of the Director and shall make good for
any damage, whether ordinary, extraordinary or
fortuitous, caused to the dwelling-house saving his
rights of recourse against third parties;
( b ) pay all amounts due on the dwelling-house and furnish
the Director with evidence of such payments when so
requested;
( c ) not use the dwelling-house for any purpose other than
that of a dwelling-house;
( d ) deliver the keys and the possession of the premises
which, on the date of the application or at any time
during the period of six months immediately preceding
the application, were occupied by the applicant as his
ordinary residence provided those premises were held
by the applicant under a title of lease or of temporary
emphyteusis; such delivery shall be made as soon as
the applicant occupies the dwelling-house to which the
application refers but in any case not later than the
time allowed in clause 15 for occupation by the
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HOME OWNERSHIP (ENCOURAGEMENT) 
(SUBSIDY ON INTEREST ON HOUSE LOANS)
applicant;
( e ) allow the Director access to the dwelling-house to
which the application refers up to thirteen years from
the date of issue of the relative building permit or until
the subsidised loan under this Scheme has been repaid,
whichever is the later and as the case may be.
Special obligations 
according to nature 
of application.
15. (1) Where the application is for the purchase of a
dwelling-house under clause 13, the applicant whose application
has been approved shall:
( a ) conclude the deed of purchase of the dwelling-house
within a maximum period of three months from the
date of the approval of the application; and
( b ) within eighteen months from the date of the
publication of the deed of purchase in the case of a
joint application by engaged persons, or within two
months from the said date of publication in all other
cases, occupy the said dwelling-house.
(2) Where the application concerns the purchase of a dwelling-
house under clause 11 or 12, the applicant whose application has
been approved shall:
( a ) conclude the deed of purchase of the dwelling-house
within a maximum period of three months from the
date of the approval of the application; and
( b ) within eighteen months from the date of the
publication of the deed of purchase in the case of a
joint application by engaged persons, or within six
months from the said date of publication in all other
cases, occupy the said dwelling-house.
(3) Where the application concerns the purchase of an
uncompleted dwelling-house, the applicant shall occupy the said
dwelling-house within eighteen months from the date of the
approval of the application. 
(4) Where the application concerns the construction of a
dwelling-house, the applicant shall commence building works
within three months from the date of issue of the relative building
permit and shall complete the building of the dwelling-house ready
for habitation and shall occupy the same within three years and
three months from the said date.
Effects of 
dissolution of 
engagement on 
joint applications 
by engaged 
persons.
16. (1) In the case of a joint application by engaged persons,
where the engagement is subsequently dissolved:
( a ) both applicants shall, within thirty days from the date
of such dissolution, give notice thereof to the Director;
( b ) the Director shall immediately suspend the subsidy on
the interest rate and any further withdrawals on the
loan account pending investigations and his final
decision thereon;
( c ) the applicants shall, within thirty days from the date of
the notice mentioned in paragraph ( a ) and in
HOME OWNERSHIP (ENCOURAGEMENT) 
(SUBSIDY ON INTEREST ON HOUSE LOANS) [ S.L.328.02 9
accordance with and subject to the conditions laid
down in the provisions of clause 18, jointly request in
writing authority to transfer under a title of sale or
perpetual emphyteusis the dwelling-house in respect of
which their application had been approved;
( d ) the applicants shall, within three months from the date
of the approval of their request made according to
paragraph ( c ), transfer the said dwelling-house as
aforesaid:
Provided that the Director may extend the
mentioned period of three months as he may deem fit.
(2) Where the applicants fail to comply with the provisions of
sub-clause (1)( a ), the provisions of sub-clause (1)( b ) shall apply
from the date that the Director becomes otherwise aware of the
dissolution of the engagement.
(3) Where, notwithstanding the efforts of the applicants to
comply with the provisions of sub-clause (1)( c ) and ( d ), the transfer
of the dwelling-house cannot take place within the period laid
down in the said paragraph ( d ) because no purchaser or acquirer of
the dwelling-house comes forward to conclude the transfer, the
Director shall have the right to purchase or acquire the said
dwelling-house from the applicants at a price fixed by an architect
designated for the purpose by the Director or to require the
applicants to authorise him to transfer as aforesaid the same
dwelling-house on their behalf.
(4) Where the Director exercises his aforesaid right to
purchase or acquire the dwelling-house, from the price determined
in accordance with the provisions of sub-clause (3) the Director
shall deduct all subsidies from which the applicants benefited under
this Scheme and all expenses and penalties as determined by the
Director and the remaining balance shall be the amount payable to
the applicants on the deed of transfer saving any obligations
entered into by them in favour of the financial institution approved
by the Director in respect of the loan advanced to them.
Breach of 
conditions or false 
information by 
applicant.
17. (1) Where the successful applicant fails to comply with
the conditions imposed upon him under this Scheme or where it is
found that any of the information submitted by the applicant is not
correct the Director may, without prejudice to his right to terminate
any agreement under this Scheme or to extend for a just cause any
time limit thereunder, take any or all of the following measures:
( a ) suspend, terminate or reduce the subsidy;
( b ) suspend or prohibit any further withdrawals on the
loan account;
( c ) recover any or all of the loans, subsidies or other
benefits received by the applicant under this Scheme;
( d ) impose on the applicant the payment of a penalty of
four liri (Lm4) for every week or part thereof during
which the successful applicant is in default.
(2) Any person who fails to comply with the conditions
imposed upon him under this Scheme or who gives false
10 [ S.L.328.02
HOME OWNERSHIP (ENCOURAGEMENT) 
(SUBSIDY ON INTEREST ON HOUSE LOANS)
information for the purposes of any application made by him under
this Scheme shall be disqualified for a period of five years from
benefiting from any scheme made with the approval of the
Parliamentary Secretary responsible for housing.
Transfer by the 
beneficiary.
18. (1) Any dwelling-house acquired under this Scheme shall
not be transferred under any title, other than  causa mortis , by the
beneficiary unless he complies with the following provisions of this
clause.
(2) Where the beneficiary has taken a loan under the
provisions of clauses 11, 12 and 13 and the transfer is to take place
within ten years from the date of the first withdrawal on the loan,
the beneficiary shall, before the transfer is effected, pay to the
Director and the financial institution approved by him under this
Scheme, as the case may be, the whole or part of the value of any
subsidy or other benefit received by the beneficiary as laid down in
the second column of Table B annexed to this Scheme depending
on the period after the first withdrawal on the loan account as
shown in the first column of the said Table.
(3) Where the beneficiary has taken a loan other than a loan as
mentioned in sub-clause (2) and the transfer of the dwelling-house
is to take place within thirteen years from the date of the first
withdrawal on the loan, the beneficiary shall, before transfer is
effected, pay to the Director and to the financial institution
approved by him under this Scheme, as the case may be, the whole
or part of the value of any subsidy or other benefit received by the
beneficiary as laid down in the second column of Table C annexed
to this Scheme depending on the period after the first withdrawal
on the loan account as shown in the first column of the said Table.
(4) Where the beneficiary has taken a loan as mentioned in
sub-clauses (2) or (3) and the transfer of the dwelling house is to
take place after ten or thirteen years respectively, as the case may
be, from the date of the first withdrawal on the loan, the beneficiary
shall give the Director one month’s notice of his intention to
transfer the said dwelling-house and the Director shall thereupon
terminate any arrangement for the subsidy under this Scheme of
any interests payable by the beneficiary.
Relief from death 
and donation duty.
19. Relief as provided in article 3( b ) of the principal Act is
hereby granted on the death of the beneficiary, and where the
beneficiary is married at the time of the acquisition of the dwelling-
house, also on the death of the beneficiary’s spouse, in respect of
any dwelling-house acquired under the provisions of clause 11 or
12 and the provisions of article 6 of that Act shall therefore apply
thereto:
Provided that the aforesaid relief shall only apply in
respect of the first seven thousand liri (Lm7,000) of the value of the
dwelling-house.
Right to decontrol 
dwelling-house.
Cap. 158.
20. The right is hereby granted to register under the Housing
(Decontrol) Ordinance a dwelling-house acquired by a beneficiary
under the provisions of clause 11 or 12 and the provisions of article
7 of the principal Act shall therefore apply thereto.
HOME OWNERSHIP (ENCOURAGEMENT) 
(SUBSIDY ON INTEREST ON HOUSE LOANS) [ S.L.328.02 11
Relief from duty 
on documents.
Cap. 364.
21. The transfer of a dwelling-house to a beneficiary under this
scheme shall be exempt from the following duties under the Duty
on Documents and Transfers Act, hereinafter in this clause referred
to as "the Act", provided that the transfer takes place under the
provisions of clause 11 or 12 and the beneficiary thereby becomes
the absolute owner of immovable property for the first time:
( a ) 33% of the duty under Title II of Part III of the Act
chargeable on the deed of transfer of the dwelling-
house to the beneficiary;
( b ) 33% of the duty under Title II of Part III of the Act
chargeable on the receipt of the payment of the price
or other consideration for the transfer of the dwelling-
house to the beneficiary.
Lodgement and 
abandonment of 
applications.
22. (1) Any application under this Scheme shall be lodged
personally or by registered post by the applicant with the Director.
(2) Where any applicant under this Scheme fails to appear on
the promise of sale agreement or on the deed of sale or transfer, as
the case may be, when called upon to do so by the vendor or
transferor, his application shall be deemed to have been abandoned.
Right of refusal.
provisions of this Scheme, the Director shall have the right to
refuse any refusal application.
TABLE A
(Clause 10)
First Column Second Column Third Column
Value of Dwelling-House 
in Maltese Liri
Interest Rate 
Percent
Maximum 
Subsidised Loan
0 - 5,000 2.00 4,000
5,001 - 6,000 2.20 4,200
6,001 - 7,000 2.40 4,400
7,001 - 8,000 2.60 4,600
8,001 - 9,000 2.80 4,800
9,001 - 10,000 3.00 5,000
10,001 - 11,000 3.20 5,200
11,001 - 12,000 3.40 5,400
12,001 - 13,000 3.60 5,600
13,001 - 14,000 3.80 5,800
14,001 - 15,000 4.00 6,000
15,001 - 16,000 4.20 6,400
16,001 - 17,000 4.40 6,800
17,001 - 18,000 4.60 7,200
18,001 - 19,000 4.80 7,600
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HOME OWNERSHIP (ENCOURAGEMENT) 
(SUBSIDY ON INTEREST ON HOUSE LOANS)
TABLE B
(Clause 18)
TABLE C
(Clause 18)
19,001 - 20,000 5.00 8,000
20,001 - 21,000 5.20 8,400
21,001 - 22,000 5.40 8,800
22,001 - 23,000 5.60 9,200
23,001 - 24,000 5.80 9,600
24,001 - 25,000 6.00 10,000
First Column Second Column
Period in Years After first 
Withdrawal on Loan Account
Percentage of 
Value of 
Subsidy or 
other Benefit to 
be Refunded
less than 4 ...................................................... 100
4 or more but less than 5 ................................. 85
5 or more but less than 6 ................................. 70
6 or more but less than 7 ................................. 55
7 or more but less than 8 ................................. 40
8 or more but less than 9 ................................. 25
9 or more but less than 10 ............................... 10
First Column Second Column
Period in Years After first 
Withdrawal on Loan Account
Percentage of 
Value of 
Subsidy or 
other Benefit to 
be Refunded
less than 7 ...................................................... 100
7 or more but less than 8 ................................. 85
8 or more but less than 9 ................................. 70
9 or more but less than 10 ............................... 55
10 or more but less than 11 ............................. 40
11 or more but less than 12 ............................. 25
12 or more but less than 13 ............................. 10
