Exploring the possibilities of co-ownership

Buying a property can be a challenge. Saving up for a deposit and then being able to afford the monthly payments can seem like a daunting task. At the same time many recognise the long-term financial benefits of owning a property. For many, the solution is to wait until they are in a long term, committed relationship before looking to buy their own home. This is, of course, co-ownership between two partners.

Co-ownership, however, does not have to take this form. In fact, any two people, or any group of people can get together to buy a property, making co-ownership a way for individuals to buy their first property much earlier in life and increasing the opportunities for building a diverse property portfolio.

There are several benefits to co-ownership. These include:

Lower costs

If you are buying a property together with friends or relatives your costs are obviously going to be lower. Your contribution towards the deposit, various other costs such as notarial fees, and the monthly loan repayments will be equivalent to the percentage of the property you will own. This means you can get on the property ladder much sooner.

More choice

By teaming up with a group of people to buy a property, you will have a bigger budget and therefore the option to invest in a bigger and better property than might otherwise be the case. A good example of how this can work is buying a holiday home for an entire extended family which can be shared and even rented out when not in use.


Co-ownership also offers greater flexibility as each individual has the right to sell their specific share of the property or borrow against it. This is particularly useful when friends or siblings invest in a property at a young age, providing collateral or the opportunity to consolidate ownership at a later stage when the individuals concerned begin to establish their own families.

The importance of planning and communication

Like any important financial decision, deciding to co-own a property needs careful consideration. It’s important that there is absolute clarity between all the parties involved on what everyone’s expectations and obligations are. Also keep in mind that while you might have a great relationship with your friends and relatives today, there is no guarantee that this will last for ever. Dealing with a property when two people in a relationship break up can be stressful enough, never mind if there are three or more individuals involved.

If you are thinking about co-ownership, it’s important to get the right advice. Firstly, make sure you have discussed the matter fully with all those who are interested in joining you to invest in a property. Before starting your property search, speak to a notary and to your bank so that you are clear on the legal implications and on the budget you have. At MeDirect, our home loans team is available to discuss your plans and offer advice on the best way forward.

MeDirect Bank (Malta) plc, company registration number C34125, is licensed by the Malta Financial Services Authority as a Credit Institution under the Banking Act 1994. Applications are subject to the Bank’s lending criteria. Terms and conditions apply and are available on request.

MeDirect renews support for Teatru Astra

MeDirect, Malta’s first digital bank, has renewed its support for the theatre programme of the Socjeta Filarmonika La Stella in Gozo. The donation, which will support productions at the Teatru Astra in Victoria taking place in late 2023 and throughout 2024, was presented to Andrea Camilleri, a member of the Society’s Committee. by Amanda Dimech, Wealth Manager, from MeDirect’s Gozo investment centre.

MeDirect’s partnership with Socjeta Filarmonika La Stella is part of its ongoing commitment to nurture Maltese artistic and sporting talent. MeDirect also continues to support the wider community through donations to numerous charitable organisations.

The productions which are scheduled to take place in the coming months, and for which MeDirect will be the main partner, include the Christmas Panto, the musical West Side Story in March 2024 and the RockAstra concert, due to take place in June 2024.

Speaking at the presentation, Dimech said, “MeDirect continues to play a very active role at the heart of Gozo’s cultural scene. Our continued partnership with the Socjeta Filarmonika La Stella is one clear example of our commitment to making sure the island continues to play host to world class theatre and music. With an exciting programme already in the pipeline, we look forward to enjoying another great season at Teatru Astra.”

Camilleri said, “The next few months will continue to be extremely busy for us.  With partners like MeDirect, and the support of patrons and other corporate donations, we can continue to fulfil our aim of providing world class theatre and music in Gozo, something we are proud to have been able to do for more than 50 years.”

Teatru Astra was inaugurated in 1968, establishing itself as one of Gozo’s leading cultural centres. Since 1978 it has also become renowned for its annual production of Opera as well as hosting a range of international singers, plays and musicals. More information is available at https://www.lastella.com.mt/.

Amanda Dimech, Wealth Manager and Christiana Teuma, Relationship Officer from MeDirect’s Gozo investment centre presenting MeDirect’s donation to Andrea Camilleri from Socjeta Filarmonika La Stella.

MeDirect ikompli jappoġġja lit-Teatru Astra

MeDirect, l-ewwel bank diġitali Malti, ġedded l-appoġġ tiegħu għall-programm teatrali tas-Soċjeta Filarmonika La Stella f’Għawdex. Id-donazzjoni se tkun qed tgħin biex jitellaw produzzjonijiet fit-Teatru Astra lejn l-aħħar tal-2023 u matul l-2024. Id-donazzjoni ġiet ippreżentata lil Andrea Camilleri, membru tal-kumitat tas-Soċjetà, minn Amanda Dimech, Wealth Manager, miċ-ċentru ta’ Investimenti ta’ MeDirect f’Għawdex.

Dan il-ftehim ta’ MeDirect mas-Soċjeta Filarmonika La Stella hija parti mill-impenn kontinwu tal-bank biex irawwem it-talent artistiku u sportiv Malti. MeDirect qed ikompli wkoll jappoġġja lill-komunità permezz ta’ donazzjonijiet lil bosta organizzazzjonijiet tal-karità.

Il-produzzjonijiet tat-Teatru Astra li huma skedati li jsiru fix-xhur li ġejjin, u li għalihom MeDirect se jkun is-sieħeb prinċipali, jinkludu l-pantomima tal-Milied, il-musical West Side Story f’Marzu li gej u l-kunċert RockAstra, li għandu jsir f’Ġunju 2024.

Meta tkellmet waqt il-preżentazzjoni, Dimech qalet, “MeDirect qed ikompli jkollu rwol attiv ħafna fil-qalba tax-xena kulturali Għawdxija. Is-sħubija tagħna mas-Soċjeta Filarmonika La Stella hija eżempju ċar tal-impenn tagħna biex niżguraw li Għawdex ikompli joffri teatru u mużika ta’ klassi dinjija.”

Camilleri qal, “Ix-xhur li ġejjin se jkunu impenjattivi ħafna għalina. B’imsieħba bħal MeDirect, u l-appoġġ tal-pubbliku u donazzjonijiet korporattivi oħra, nistgħu inkomplu nwettqu l-għan tagħna li nipprovdu teatru u mużika ta’ klassi dinjija f’Għawdex, xi ħaġa li aħna kburin li stajna nagħmlu għal aktar minn 50 sena.”

It-Teatru Astra ġie inawgurat fl-1968, u stabbilixxa ruħu bħala wieħed miċ-ċentri kulturali ewlenin f’Għawdex. Mill-1978 it-teatru sar magħruf ukoll għall-produzzjoni annwali ta’ l-Opra kif ukoll għall-fatt li jospita firxa ta’ kantanti, drammi u musicals internazzjonali. Aktar informazzjoni tista ssiba fuq is-sit uffiċjali tagħhom – https://www.lastella.com.mt/.


We strive to ensure a streamlined account opening process, via a structured and clear set of requirements and personalised assistance during the initial communication stages. If you are interested in opening a corporate account with MeDirect, please complete an Account Opening Information Questionnaire and send it to corporate@medirect.com.mt.

For a comprehensive list of documentation required to open a corporate account please contact us by email at corporate@medirect.com.mt or by phone on (+356) 2557 4444.