Strict tests will ensure that only homeowners who can really afford such schemes can take out equity, which have been a popular way for many to raise extra funds.
8th december 2011 The White Rose Credit union is providing interest-free home loans for vulnerable people around the district. The loans pay for essential repairs and disabled adaptations.
Professional landlords are showing signs of confidence by taking equity out of unmortgaged properties they own to expand and gear up investment potfolios.
Local banks have decided to raise interest rates on mortgages. Confusion reigned last week after the Bank of Israel announced stricter regulations for granting mortgages, such as requiring banks to assign higher risk levels for financing over 60% of the cost of a home.
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Banks using new rules as excuse to raise mortgage rates
