Bigger and Bolder Package For First Time Buyers Launched
We have revamped our First Time Buyer package, offering more exclusive offers to first time buyers keen to start out on the property ladder. Recognising the impact that COVID-19 may be having on buyers’ purchasing power and finances, we secured a good number of offers with a more varied list of partners, to give a big boost to first time buyers and make that first, most important investment a little bit easier and more affordable. This, together with the initiatives offered by Government, will result in huge savings, making Frank Salt Real Estate’s First Time Buyer package an unbeatable one!
We have tied up with partners such as APS Bank who will contribute up to €250 towards notarial fees issued by the notary of the client’s choice; with GasanMamo Insurance to reduce the cost of first year property insurance by 50%; with Vella Falzon Home to give up to €5,000 in discounts based on a minimum spent in their stores on tiles, bathrooms, furniture and hardware; ITC to provide 35% discount on white goods and 30% discount on lighting; B4 will offer 30% discount on bedrooms and kitchens and 20% on fabrics, carpets and blinds; solar PV panels, Air conditioners and heat pumps will be offered at 10% discount from BT Commercials; 35% reduction on all purchases from Dino Fino Home and last but not least, a 15% discount on all curtain fabrics, loose furniture and home décor from OneTwoOne Interiors.
Also thanks to the Maltese Government’s incentive, first time buyers are exempt from paying 5% stamp duty on the first €175,000, resulting in a great saving of €8,750. Should a buyer opt for a property of a higher value than €175,000, for contracts signed by March 2021, stamp duty has been reduced to 1.5% on the next €225,000, thus potentially saving a further €7,875. Under these current schemes, one can save a whopping €16,625 on a purchase of a property worth €400,000. Now is the time for young couples to take the plunge and benefit from such an opportunity!
“We are expecting our new First Time Buyer package to be well received and taken up by many of our clients who are looking to make that first big step of purchasing their first home” said our director, Grahame Salt. “We have put together a great selection of properties and there’s never been a more attractive incentive package. Due to the limited duration of the government incentive, we urge first time buyers to act fast!”
Our dedicated team of sales consultants understand that buying that first property can be a stressful and time consuming experience. Together with these financial incentives, they will provide the necessary guidance and expertise to make the right decision at the right time, by supporting their clients and matching their budgets and requirements against the wide selection of properties available on our database.
Visit our dedicated page with more information about the first time buyers package.