Mortgages in Israel
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Mortgages in Israel
The property buying process in Israel often leaves many potential buyers confused as the country’s financing system differs considerably from what they are accustomed to in the UK .
For example, instead of borrowers taking out a single mortgage loan for one term at one rate, Israeli banks encourage borrowers to break up their mortgage into any number of smaller loans, each with its own specific characteristics and loan repayment schedules.
Levels of borrowing
In Israel banks are willing to lend up to 95% of the value of the property while using a mortgage insurance product offered by AIG's Israeli subsidiary, EMI.
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