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Bank of Israel Tightens Rules on Parental Mortgage Assistance
The Bank of Israel has updated mortgage regulations, limiting the contribution of parental income to loan approvals to 50% of disposable income. This change impacts young couples and families relying on parental financial support for home purchases.
2 newsrooms · 1 language · since
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What happened
- 01Bank of Israel now counts only 50% of parental income for mortgage approvals.
- 02The change affects young couples and families seeking home financing assistance.
- 03Parents can no longer have their full income considered for co-signed mortgages.
- 04New rules also expand debt-to-income ratio calculations to all housing loans.
- 05The restriction aims to manage financial risk in the mortgage market.
The new rules also broaden the scope of debt-to-income ratio calculations to include all housing loans from any financial institution.
The coverage
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