Gozo Farmhouse Conversion for a Manchester Family
€215,000 · 20 years · 3.90% fixed. A family from Manchester purchased a converted Gozitan farmhouse for use as a holiday home.
The Client
UK Residents - Holiday Home
The Challenge
A family from Manchester purchased a converted Gozitan farmhouse for use as a holiday home. Gozo is Malta's smaller sister island - quieter, more rural, and extremely popular with British holiday property buyers. The property had been recently converted by a local developer and was sold with all AIP (Area of Immovable Property) permits in order.
Our Solution
Doulton arranged a Maltese non-resident mortgage, confirming AIP permit status pre-purchase. The family's UK income was assessed and found comfortably sufficient. The mortgage was arranged in euros to match the local currency.
The Outcome
Farmhouse purchased. AIP permits confirmed. Used as a family holiday home for around ten weeks per year. Occasional lettings through a Gozo agency during school term periods. Key highlights: AIP permit status confirmed pre-purchase; Euro mortgage matched local currency; Gozo letting market used for out-of-season income.