LTV

Bank of Israel Restricts Mortgages Severely, Looking to Avert Future Real Estate Crises

By Jewish Press Staff

The new directive stops banks from giving mortgages with an LTV of more than 70%, with an exception for first-time buyers, who are allowed mortgages of up to 75% of the value of the apartment. Mortgage customers who buy an apartment for investment will be limited to 50% LTV.