HBFS Israel - The UK's leading provider of luxury property in Israel

HBFS Israel, as part of HBFS Financial Services Ltd, offers a full advisory service regulated by the Financial Services Authority to best advise on how to raise money for your Israeli property. We would look at your overall financial position and recommend the best and most cost effective and tax efficient way of financing your purchase.

If we do suggest a mortgage secured on the property in Israel, please note that this advice is not regulated by the Financial Services Authority.

General Terms for Israeli Mortgages:

We offer a 3 year Interest Only Mortgage, up to 70% of the property value, ideal for using while the building is being built or considering whether to hold or sell in the medium term. There is an opportunity after the 3 years to renew for a further 3 years (also on Interest Only) or convert to a full Israeli mortgage, typically 20 years with 2 years Interest Only and 18 years repayment. In either case, the rate is 2% above USD or GBP Libor (you may choose the currency) with a 1% fee. Please note HBFS will not charge a fee for arranging a mortgage on one of our properties advertised on this website. For all other properties, a fee of 0.5% of the mortgage advance applies (subject to a minimum fee of £500).

Underwriting Process:

In order to calculate whether you are eligible for a mortgage, work out your gross income from all sources (your Accountant will be asked to confirm this by letter). Deduct 12x your monthly mortgage payments (if applicable) on your main residence. The residual should be multiplied by 4 to give the maximum loan available you, subject to a maximum of 70% of the value of the property.

For Example, a purchase of $600,000 with a buyer having a UK income of £75,000 and mortgage repayments of £2,000 per month. £75,000 – (12 x £2,000) = £51,000. £51,000 x 4 = £204,000, approx equal to $391,000. As this is within 70%, this would be the maximum loan available.

To proceed with this option, please provide us with the following:

1.- Application Form – Download

2.- Asset and Liability Statement – Download

3.- Copy of the picture page of your passport

4.- Copy of a bill or bank statement addressed to your home address and dated in the last 2 months.

5.- Your latest P60 (if employed|)

6.- If Self-Employed – your accountant will be asked to state your income for the last 3 years.

7.- A bank reference (we will apply for it)

Items can be faxed to us on 020 8953 4945.

*** PLEASE NOTE OPTION 1 IS NOT AVAILABLE ON OUR ROYAL SEA PROJECT ***

A mortgage of 15 or 20 years with Interest Only until the end of the Construction period, up to a maximum of 70% at the rates and fees as Option 1.

To proceed with this option, please provide us with the following:

1.- Asset and Liability Statement – Download

2.- Copy of the picture page of your passport

3.- Copy of a bill or bank statement addressed to your home address and dated in the last 2 months.

4.- Your latest P60 (if employed)

5.- If Self-Employed – your accountant will be asked to state your income for the last 3 years.

6.- A copy of your Equifax www.equifax.co.uk or Experian www.experian.co.uk Credit Report.