Get into your home, sooner.
Avvanza Loans halves the deposit a Maltese first-time buyer needs and lends them mortgage-equivalent rates to finish the home — without subsidising anyone, without inflating prices, and without putting a euro into the deficit.
Two gaps keep Maltese families out of homes they could afford to live in.
Maltese mortgage rules require buyers to fund 10% of property value from their own savings — €30,000 on a typical €300,000 first home. Three to five years of saving while rent goes into someone else's mortgage and the deposit target moves with prices.
Even after the deposit, a typical first-time buyer spends another €30–60k turning a shell into a home — finishes, MEP, joinery, white goods, EE upgrades. Today this is funded with cash savings, 5–7% personal loans, or grey-economy arrangements.
Meet Sarah and Matt.
Nurse and junior software engineer, Sliema. Combined gross €58,000. Saved €18,000 over four years. Looking at a €300,000 first home.
Three loans. One platform. No subsidy.
Halves the saved-deposit barrier from 10% to 5%. First-time buyers only. Sovereign-guaranteed; counts as borrower equity for the senior mortgage. Buyers get into the market 2–3 years sooner.
Long-term, mortgage-aligned financing for permanent works to the home — MEP, plastering, flooring, kitchen install, EE retrofit. Disbursed directly to audited Maltese merchants on milestone sign-off.
Short-term loan for movables — furniture, white goods, soft furnishings. Same merchant network and platform; underwriting reflects the shorter useful life of the asset.
Banks compete. Government doesn't subsidise. Merchants compete on quotes.
Removes the bank's regulatory capital cost (CRR Article 114). Creates the structural conditions for banks to compete toward mortgage-equivalent rates. The state never sets a rate — it removes the cost components that would otherwise sit on top.
The bank pays the merchant directly per milestone — no liquidity drag, no cash leaving the banking network. Merchants compete on quotes for buyer briefs; reference-price audits keep the network honest.
Every participating bank's rates are visible side by side, in standardised MCD-aligned form. Buyers see what each bank charges for the same loan profile. Competition closes the gap.
This is not a Maltese experiment.
Sovereign-guaranteed credit instruments to expand homeownership are well-established European policy. The Avvanza architecture adapts three proven schemes to Maltese binding constraints.
~70% of new Dutch mortgages. Sovereign guarantee in exchange for a one-off borrower fee. Up to 0.6pp off the standard mortgage rate. Avvanza's guarantee fee model is borrowed directly from this.
State development bank co-lends through commercial banks at below-market rates. €100k home-ownership loans, up to 35-year terms. The bank-distribution model is the precedent for Avvanza's multi-bank approach.
Zero-interest top-up loans treated as apport personnel — the borrower's own equity contribution. This is the legal precedent for how the Deposit Bridge navigates Maltese 90% LTV rules without breaching them.
What the scheme delivers, in figures.
Walk through Sarah's journey, end to end.
An interactive UX reference of the Avvanza platform. See the buyer journey, the merchant pipeline, the bank originations dashboard, and the scheme authority's oversight surface — all in one mockup. Pre-decisional; access phrase required.
Pick your role.
Each environment exposes only the surfaces relevant to that party — buyers see briefs and quotes, merchants see pipeline and disbursements, banks see originations and capital, authority sees scheme-wide oversight.
Each role environment uses representative data to illustrate how the platform behaves under realistic load. Buyer flows cover eligibility, brief publication, quote competition, and milestone disbursement. Merchant flows cover pipeline access and quote submission. Bank flows expose origination, underwriting, and capital relief. Authority surfaces scheme-wide performance, default-rate monitoring, and the public transparency dashboard.
All identifiers, transactions, and figures shown are illustrative. Eligibility checks are modelled, not authoritative. Disbursements are simulated. The platform sits next to the proposal as a UX reference for stakeholder review — banks, merchants, MFSA, MoF — to see how the scheme would feel operationally before specification work begins.
Are you eligible for Avvanza Loans?
Pulled live from eID Malta, CFR, and the property register. Takes about 90 seconds.
Describe the works you need.
Once published, your brief is sent to the relevant merchants in the network. They'll respond with itemised quotes within 3–5 business days.
Compare quotes from verified merchants.
All quotes are itemised and reference-priced. Filter to narrow the list, click a card for full detail, or pick up to 3 to compare side by side.
No quotes match those filters.
Try loosening one of the filters — your most restrictive checkboxes are usually the cause.
Disbursement against completion.
Bank pays Mediterraneo MEP directly per milestone. You sign off on each handover before funds release.
Every participating bank, side by side.
Banks set their own rates; the platform makes them visible. Standardised MCD-aligned APRC for fair comparison. Updates live as banks adjust pricing.
| Bank | Deposit Bridge | Finishes | Furnishes | APRC | Total interest (term) | Origination fee | |
|---|---|---|---|---|---|---|---|
| BOV | 3.10% | 2.60% | 3.20% | 2.78% | €18,420 | €650 | |
| APS Bank | 3.20% | 2.55% | 3.10% | 2.74% | €18,140 | €500 | |
| HSBC Malta | 3.05% | 2.65% | 3.30% | 2.81% | €18,650 | €750 |
All three rates have compressed materially since the scheme launched — competition between banks delivers the rate convergence the proposal anticipated.
Banks set their own rates within structural conditions the scheme creates:
The scheme creates the structural conditions for rates to land near mortgage-equivalent levels. Banks compete within those conditions — the platform makes the competition visible.
Your signed agreements.
Loan agreements, repayment schedules, the guarantee fee statement, and your accepted quote — all kept in one place, audit-traceable to the platform's transaction ledger.
| Document | Type | Signed | Status | |
|---|---|---|---|---|
| Finishes Loan Agreement #L-44120 | BOV / Borrower | 12 Apr 2026 | Active | |
| Sovereign Guarantee Certificate | Republic of Malta | 12 Apr 2026 | In effect | |
| Guarantee Fee Statement (NHG-modelled) | Scheme Authority | 12 Apr 2026 | Capitalised | |
| Accepted Quote · Mediterraneo MEP | Merchant agreement | 14 Apr 2026 | Bound | |
| Repayment Schedule (300 instalments) | Auto-generated | 12 Apr 2026 | Active | |
| Standardised Information Sheet (MCD) | Pre-contractual disclosure | 11 Apr 2026 | Acknowledged | |
| Right of Withdrawal Notice | Pre-contractual disclosure | 11 Apr 2026 | Window closed |
| Month | Date | Payment | Interest | Principal | Balance |
|---|---|---|---|---|---|
| 1 | 15 May 2026 | €251 | €126 | €125 | €54,075 |
| 2 | 15 Jun 2026 | €251 | €125 | €126 | €53,949 |
| 3 | 15 Jul 2026 | €251 | €125 | €126 | €53,823 |
| 4 | 15 Aug 2026 | €251 | €125 | €126 | €53,697 |
| 5 | 15 Sep 2026 | €251 | €124 | €127 | €53,570 |
| 6 | 15 Oct 2026 | €251 | €124 | €127 | €53,443 |
| 7 | 15 Nov 2026 | €251 | €124 | €127 | €53,316 |
| 8 | 15 Dec 2026 | €251 | €123 | €128 | €53,188 |
| 9 | 15 Jan 2027 | €251 | €123 | €128 | €53,060 |
| 10 | 15 Feb 2027 | €251 | €123 | €128 | €52,932 |
| 11 | 15 Mar 2027 | €251 | €123 | €128 | €52,804 |
| 12 | 15 Apr 2027 | €251 | €122 | €129 | €52,675 |
Briefs matching your specialism.
Mediterraneo MEP · 312 jobs · 4.8/5 · Sliema. Reference-priced, audit-trail-clean.
| Brief | Property | Buyer profile | Budget | Closes | Status | |
|---|---|---|---|---|---|---|
| #B-1042 | Sliema · 118m² · 3-bed apt | FTB · €58k income | €55,000 | 9 May | Open | Submit quote |
| #B-1037 | Birkirkara · 95m² · maisonette | STB · trade-up | €38,000 | 12 May | Open | Submit quote |
| #B-1031 | Mosta · 142m² · terraced house | FTB · €72k income | €60,000 | 14 May | Quoted | |
| #B-1028 | Naxxar · 110m² · 3-bed apt | FTB · €54k income | €52,000 | 14 May | Quoted | |
| #B-1024 | St Julian's · 105m² · 2-bed apt | FTB · €68k income | €48,000 | 15 May | Open | Submit quote |
| #B-1019 | Marsascala · 132m² · maisonette | FTB · €63k income | €57,000 | 16 May | Open | Submit quote |
| #B-1015 | Sliema · 88m² · 2-bed apt | STB · trade-up | €42,000 | 17 May | Open | Submit quote |
| #B-1011 | Qormi · 124m² · 3-bed apt | FTB · €60k income | €55,500 | 18 May | Closing soon | Submit now |
You're in the top 12% of the network by review score and on-time disbursement record. Your reference-price audit has been clean for 14 consecutive months.
Quote for brief #B-1042.
Sliema · 118m² · 3-bed apt · FTB · budget €55,000. Itemised line-items required. Reference-price audit runs automatically on submission.
| Line item | Specification | Materials | Labour | Total | vs ref |
|---|---|---|---|---|---|
| MEP first-fix | Plumbing, electrical, ducting | €6,400 | €5,400 | €11,800 | −4.5% |
| Plastering & screeds | Full apartment, two coats | €2,800 | €4,600 | €7,400 | −2.6% |
| Tiling | Porcelain, full apartment | €5,200 | €4,400 | €9,600 | −3.2% |
| Joinery | Kitchen + 3 bedroom wardrobes | €10,800 | €6,000 | €16,800 | −2.0% |
| Bathroom finishes | 2 full bathrooms | €4,200 | €2,200 | €6,400 | −5.4% |
| Painting | Full apartment, two coats | €600 | €1,600 | €2,200 | −3.0% |
All disbursements, audit-ready.
Direct bank-to-merchant payments per milestone. Network fee deducted automatically; nothing to reconcile manually.
| Date | Job | Buyer | Bank | Milestone | Gross | Network fee | Net | Status |
|---|---|---|---|---|---|---|---|---|
| 2 May | #J-0312 | K. Borg | BOV | 4 of 5 | €8,400 | −€420 | €7,980 | Settled |
| 28 Apr | #J-0308 | S. Borg | BOV | 2 of 5 | €9,880 | −€494 | €9,386 | Settled |
| 26 Apr | #J-0301 | M. Mifsud | APS | 5 of 5 | €6,200 | −€310 | €5,890 | Settled |
| 22 Apr | #J-0298 | R. Cassar | BOV | 3 of 5 | €11,200 | −€560 | €10,640 | Settled |
| 18 Apr | #J-0312 | K. Borg | BOV | 3 of 5 | €10,800 | −€540 | €10,260 | Settled |
| 18 Apr | #J-0308 | S. Borg | BOV | 1 of 5 | €11,800 | −€590 | €11,210 | Settled |
| 14 Apr | #J-0294 | L. Vella | HSBC | 4 of 5 | €7,600 | −€380 | €7,220 | Settled |
| 10 Apr | #J-0290 | P. Galea | APS | 2 of 5 | €8,900 | −€445 | €8,455 | Settled |
| 5 Apr | #J-0287 | D. Spiteri | BOV | 5 of 5 | €5,800 | −€290 | €5,510 | Settled |
Verified-purchase buyer reviews.
Reviews authenticated against actual platform disbursement records — gaming-resistant by design. Scores feed your standing in the quote marketplace and surface in the buyer brief workflow.
All five milestones disbursed on time. They proactively flagged a discrepancy in the original drawing for the kitchen and recommended a better layout — saved us a week of rework. Workmanship warranty is for 7 years; they registered it themselves.
Site visits booked promptly. Disbursement requests came through the platform exactly as agreed; no surprises. Bathrooms and tiling were a particular highlight.
They included it as standard at no extra cost which I didn't realise until reading the delivered specification. Bathroom finishes were slightly less premium than I'd hoped, but well within reference price.
Joinery sub-contractor pulled out and they had to find a replacement — added 9 days. They communicated transparently and absorbed the labour cost difference. Final handover was on the original date despite the delay.
Everything came in below network median. EE Class B target met without back-and-forth. Would use again for a future Furnishes loan.
Originations dashboard.
BOV — Avvanza Desk. Live view of all scheme originations across the three product lines.
CRR Article 114 / Article 235 substitution applied across the book. The €4.18m of CET1 freed supports approximately €31.7m of additional risk-weighted lending elsewhere.
| Loan | Borrower | Product | Amount | Term | Rate | RW | Originated | Status |
|---|---|---|---|---|---|---|---|---|
| #L-44120 | S. Borg | Finishes (FTB) | €54,200 | 25 yr | 2.6% | 0% | 12 Apr | Disbursing |
| #L-44119 | S. Borg | Deposit Bridge | €15,000 | 5 yr | 3.1% | 0% | 2 Apr | Repaying |
| #L-44115 | K. Borg | Finishes (FTB) | €48,800 | 22 yr | 2.7% | 0% | 28 Mar | Disbursing |
| #L-44112 | R. Cassar | Furnishes (FTB) | €21,400 | 6 yr | 3.2% | 0% | 22 Mar | Drawn |
| #L-44108 | L. Vella | Finishes (STB) | €36,400 | 18 yr | 2.9% | 0% | 18 Mar | Disbursing |
| #L-44104 | P. Galea | Deposit Bridge | €14,200 | 5 yr | 3.1% | 0% | 14 Mar | Repaying |
| #L-44101 | D. Spiteri | Finishes (FTB) | €51,800 | 24 yr | 2.6% | 0% | 10 Mar | Drawn |
| #L-44098 | M. Mifsud | Furnishes (STB) | €12,400 | 5 yr | 3.4% | 0% | 7 Mar | Drawn |
Underwriting queue.
Standard credit standards apply — no relaxation in exchange for the guarantee. Underwriting parity is written into scheme legislation.
| Application | Borrower | Product | Amount | DSTI | LTV | EE | SLA | Status | |
|---|---|---|---|---|---|---|---|---|---|
| #A-2241 | K. Caruana | Finishes (FTB) | €58,400 | 28% | 86% | Class B | 2h 14m | Auto-pre-qualified | |
| #A-2240 | J. Mifsud | Deposit Bridge | €14,800 | 31% | 90% | — | 3h 02m | Manual review | |
| #A-2239 | R. Borg | Furnishes (FTB) | €22,000 | 26% | — | — | 3h 48m | Auto-pre-qualified | |
| #A-2237 | D. Vella | Finishes (STB) | €32,200 | 35% | 82% | Class C | 5h 12m | Manual review | |
| #A-2236 | L. Galea | Finishes (FTB) | €48,600 | 29% | 88% | Class B | 5h 41m | Auto-pre-qualified | |
| #A-2235 | P. Spiteri | Deposit Bridge | €13,200 | 32% | 90% | — | 6h 22m | Auto-pre-qualified | |
| #A-2233 | S. Cachia | Finishes (FTB) | €61,000 | 38% | 90% | Class A | 7h 04m | DSTI flag | |
| #A-2232 | M. Camilleri | Furnishes (STB) | €11,800 | 28% | — | — | 8h 18m | Auto-pre-qualified |
Capital freed by the guarantee.
CRR Article 114 / 235 substitution applied across the Avvanza book. Live view of RWA reduction and implied secondary lending capacity.
Claim, recover, report.
Sovereign guarantee claims pipeline. Independent recovery sits with our recoveries unit; the guarantee sweep covers residual after recovery exhausts.
| Loan | Product | Outstanding | Days past | Recovery to date | Guarantee residual | Stage | |
|---|---|---|---|---|---|---|---|
| #L-43782 | Deposit Bridge | €11,200 | 94 | €4,260 | €6,940 | In recovery | |
| #L-43501 | Furnishes (FTB) | €8,400 | 112 | €3,170 | €5,230 | In recovery | |
| #L-43122 | Finishes (FTB) | €18,800 | 156 | €11,200 | €7,600 | Property sale | |
| #L-42876 | Deposit Bridge | €9,800 | 214 | €2,400 | €7,400 | Guarantee called | |
| #L-42514 | Furnishes (STB) | €7,200 | 186 | €2,800 | €4,400 | Guarantee called | |
| #L-42208 | Finishes (FTB) | €16,400 | 232 | €8,900 | €7,500 | Guarantee called | |
| #L-41992 | Deposit Bridge | €10,400 | 268 | €3,600 | €6,800 | Recovered & closed |
Recovery materially shapes the guarantee call. The longer recovery runs, the smaller the residual claim — Treasury sees only what we couldn't recover ourselves.
Avvanza Loans — scheme-wide.
Live operational picture. Aggregates across BOV, APS, HSBC. Updated continuously.
Default-rate monitoring.
Real-time view across the three product books with automatic suspension triggers. Independent actuarial review every six months.
| Trigger | Threshold | Current | Status |
|---|---|---|---|
| Scheme-wide default | 4.0% | 1.7% | 42% |
| Bridge default | 6.0% | 3.4% | 57% |
| STB allocation cap | 60% | 22% | 37% |
| Single-bank concentration | 75% | 52% (BOV) | 69% |
| Reference-price drift | +10% | +1.4% | 14% |
| Merchant suspension rate | 5% | 0.9% | 18% |
| Loan | Borrower | Product | Outstanding | Days past | Recovery | Status |
|---|---|---|---|---|---|---|
| #L-43782 | — | Deposit Bridge | €11,200 | 94 | €4,260 | In recovery |
| #L-43501 | — | Furnishes (FTB) | €8,400 | 112 | €3,170 | In recovery |
| #L-43122 | — | Finishes (FTB) | €18,800 | 156 | €11,200 | Property sale |
| #L-42876 | — | Deposit Bridge | €9,800 | 214 | €2,400 | Guarantee called |
Public transparency dashboard.
Aggregated, anonymised scheme metrics published quarterly. Open-data API. Feeds NSO housing-cost statistics, MFSA prudential reporting, and EU Cohesion Policy submissions.
| Bank | Bridge | Finishes | Furnishes | APRC |
|---|---|---|---|---|
| BOV | 3.10% | 2.60% | 3.20% | 2.78% |
| APS | 3.20% | 2.55% | 3.10% | 2.74% |
| HSBC Malta | 3.05% | 2.65% | 3.30% | 2.81% |
| Network median | 3.10% | 2.60% | 3.20% | 2.78% |
Banks set their own rates. The platform makes them visible side by side. Standardised MCD-aligned disclosure; APRC computed on a comparable basis.
Reference-price index has compressed ~6.4% over 12 months, consistent with the proposed second-order developer cashflow effect at competitive density.
| Quarter | Release date | Coverage | Format | Status |
|---|---|---|---|---|
| Q1 2026 | 15 May 2026 | Full scheme · all banks · 90-day window | PDF + JSON + CSV | Scheduled |
| Q4 2025 | 15 Feb 2026 | Full scheme · all banks | PDF + JSON + CSV | Published |
| Q3 2025 | 15 Nov 2025 | Full scheme · all banks | PDF + JSON + CSV | Published |
| Q2 2025 | 15 Aug 2025 | Pilot scheme · BOV only | PDF + JSON | Published |
Every action, logged.
Immutable scheme-wide event ledger — originations, defaults, suspensions, audit findings, merchant actions. Read access for external auditors and MFSA.
| Time | Type | Actor | Event | Reference |
|---|---|---|---|---|
| 14:32 today | ORIGINATION | BOV | Loan #L-44120 originated · Finishes (FTB) · €54,200 | L-44120 |
| 14:08 today | DISBURSEMENT | BOV → Mediterraneo MEP | Milestone 2 disbursed · €9,880 (Job #J-0308) | J-0308.M2 |
| 12:14 today | AUDIT | Mazars | External actuarial review filed · clean | AUDIT-2026-Q1 |
| 11:42 today | QUOTE | Brief #B-1042 | Quote accepted · Mediterraneo MEP €54,200 | B-1042 |
| 10:58 today | ORIGINATION | APS Bank | Loan #L-44115 originated · Finishes (FTB) · €48,800 | L-44115 |
| 10:14 today | DISBURSEMENT | APS → Borg Construction | Milestone 1 disbursed · €13,200 (Job #J-0312) | J-0312.M1 |
| 09:32 today | DEFAULT | Loan #L-43782 | Default flag set · 90 days past due · enters recovery | L-43782 |
| 09:14 today | TRIGGER | Authority | All triggers green · daily check passed (default 1.7% / 4.0%) | TRIG-2026-05-02 |
| 17:24 yesterday | MERCHANT | Network ops | 3 merchant onboardings approved · MEP catchments expanded | MN-EXP-2026-04 |
| 16:08 yesterday | REFERENCE | Network ops | Reference-price database refreshed · Sliema +1.2% Naxxar +0.8% | REF-DB-90D |
| 14:06 yesterday | SUSPENSION | Network ops | Merchant suspended · reference-price drift +12% over 60d window | MERCH-S-128 |
| 11:42 yesterday | ORIGINATION | HSBC Malta | Loan #L-44108 originated · Finishes (STB) · €36,400 | L-44108 |
| 10:14 yesterday | PRUDENTIAL | MFSA | Q1 prudential filing acknowledged · returns within tolerance | MFSA-2026-Q1 |
| 09:00 yesterday | PUBLIC | Authority | Quarterly public dashboard refreshed · Q1 figures live | PUB-2026-Q1 |
- MFSA PRUDENTIALContinuous read-access. Delegated to assigned analysts via MFSA SSO.
- EXTERNAL AUDITORSMazars (current rotation). Read-only key, rotated quarterly.
- CBM / ECBOn request; full audit trail of read events.
- TREASURYContingent liability dashboard slice; subscriber-pull.
- PUBLICAggregate-only via the public dashboard — no individual loans.