Bank of Israel Narrows Parental Assistance in Mortgages: Banks Will Recognize Half of Disposable Income

In depth

According to Ice, the Bank of Israel told it in response that this is a clarification of an existing regulation. According to Bizportal, the clarification also applies to young couples, winners of discounted apartments and continuing sons and daughters, and it joins a change in the calculation of the repayment ratio from October.

According to Calcalist, the move could make it harder for young couples whose income is insufficient to qualify for a mortgage, while also moderating risk levels in the market. On the same subject, Ice published an additional clarification document containing questions and answers on unstable income.