Mortgages are usually available up to the equivalent of 50-60% of the value of the property. Please note that appraisers or property valuer's are asked by the banks to value property on the basis of 'quick sale', which usually is 5% to 10% under full market value. If you are a foreign resident you will be asked to provide banker's references or accountant's statement with regard to the last two or three financial years to prove your ability to meet the repayments. U.S. Dollar mortgages are available on the basis of the Libor interest rate plus 2% (this is negotiable).
In addition to the commercial high street banks, we also recommend the Bank of Jerusalem for speedy and efficient services. (They also provide discreet private banking services).
Bank of Jerusalem
The International Division
18 Keren Hayesod Street