PN pitches decade-long mortgage interest rebate for first-time buyers

The Nationalist Party has pledged that a PN government would refund half of every first-time buyer's home loan interest each month for the first ten years of their mortgage, with the total benefit reaching up to €46,800 per buyer. Alex Borg announced the pledge as direct financial assistance for new homeowners. The refund would be calculated as 50% of the interest portion of each monthly mortgage repayment and paid directly into the buyer's bank account.

The ten-year window runs from the start of the loan, meaning buyers receive support from their very first repayment rather than after clearing any later threshold. The €46,800 figure is a ceiling, not a standard entitlement. The actual amount depends on loan size and the prevailing interest rate: buyers with larger mortgages and higher rates accumulate more in refunds, while those with smaller loans or more favourable rates receive less.

Borg also confirmed that a PN government would extend the property deposit grant to first-time buyers. The grant already exists to ease upfront purchase costs; broadening its eligibility would bring buyers not currently covered within scope. The two proposals together address the upfront cost of purchasing a home and the ongoing interest cost through the early years of the mortgage.

The announcement is a pre-election pledge, not enacted policy.