“I’m 26 and have been rejected by 2 mortgage lenders. Should I give up on owning a property?”
If you’ve ever been told “not enough income,” “you don’t qualify,” or “you’re missing a parent’s guarantee,” you’re not alone.
Every week, I hear from young professionals like you. You’re doing all the right things: working long hours, saving diligently, even freelancing on weekends. And yet, when it comes to applying for a mortgage, the door slams shut.
That’s where the guidance of an unbiased financial advisor can be a game-changer.
Let’s break this down…
When doing your best still isn’t enough
A 26-year-old architect wrote to me after being rejected twice by local banks—even after increasing her income and building a solid deposit.
What made it worse? Friends were buying homes with help from their parents. But not everyone has that option. And when you’re working overtime every weekend to build your dream, that kind of comparison hits hard.
The frustration is real.
But here’s what an unbiased financial advisor would say…
1. Explore Government Equity Schemes
The Equity Sharing Scheme, recently updated in Malta, is now open to individuals aged 25+. That means you could co-buy a home with the government, and slowly purchase their share over 20 years.
This isn’t charity. It’s smart public policy designed for people like you.
If your dream property costs under €250,000, this scheme could help you take your first step—even if banks are still saying no.
2. Don’t Let Location Hold You Hostage
You might have a preferred neighbourhood in mind. But ask yourself:
“Is it better to wait for the perfect location, or to start somewhere more affordable and grow from there?”
If your partner already owns a property, perhaps you could live there for now, and purchase something smaller elsewhere. You can always rent it out later or sell when the time is right.
Remember: Getting on the property ladder is sometimes more important than where you start.
3. Renting is Not a Financial Failure
In Malta, renting is often seen as “throwing money away.” But a truly unbiased financial advisor would challenge that.
Renting gives you flexibility, fewer upfront costs, and time to grow your savings and investment pot.
If you’re not ready to buy, or if the market feels overwhelming, renting could give you breathing space without the long-term commitment.
Consider flat-sharing temporarily to reduce costs—and keep saving smartly.
4. Co-Buying Is a Real Option
We don’t talk enough about co-buying with friends, siblings, or trusted colleagues.
In countries like the UK and Germany, it’s becoming the norm. Just make sure to get everything legally documented, including exit plans and ownership shares.
This could be the creative solution you need to finally own something of your own.
5. Invest While You Wait
If all your savings are sitting in a regular account waiting for a home deposit—you may be missing an opportunity.
Investing wisely, even with smaller amounts, allows you to put your money to work. Over time, thanks to compound interest, even €100 a month can grow significantly.
An unbiased financial advisor won’t just push you toward homeownership. They’ll look at your entire life plan—how to build wealth, create freedom, and ensure you’re not putting all your eggs in one property basket.
In Brief
The property market is tough, especially for young professionals without family backing.
But no, you don’t need to give up on your dream of owning a home.
You might just need a different path—and the kind of advice that’s not tied to any one bank or property agenda.
That’s the role of an unbiased financial advisor: to help you see what’s possible, not just what’s immediately available.
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Author: Luca Caruana
———————— About the Author: Luca Caruana
Hi, I’m Luca, a Certified Money Coach, dedicated to helping individuals break free from limiting beliefs and build lasting wealth.
My proven strategies empower clients to break free from financial constraints and confidently navigate the world of money—whether it’s managing budgets, making savvy investments, or pursuing new financial opportunities.
With over a decade of hands-on experience in personal finance and mindset coaching, I’ve guided countless clients through the process of transforming their financial narratives. My approach combines deep psychological insights with practical financial tactics, ensuring that each client not only learns how to manage money effectively but also develops the mindset necessary to truly thrive. I’ve seen firsthand how a positive money mindset can be the game-changer that propels you toward financial freedom and a more fulfilling life.
Let me show you how to harness the power of your beliefs to create a future filled with opportunity and prosperity. Let’s talk and start transforming your financial future today.got time on your side.”