Regulatory Alerts2015-01-25
Added
Limitations On Issuing Housing Loans
The Bank of Israel updates Directive 329 regarding limitations on issuing housing loans, effective upon the circular's publication. The revision aligns the definitions of “Sole dwelling” and “Replacement dwelling” with the Land Taxation Law. It also clarifies income recognition for the payment-to-income ratio, permitting the inclusion of a non-purchasing relative’s income up to half of their monthly disposable income and the full disposable income of a co-residing spouse.
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