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The Bank of Israel will double the validity period of the proposals on the mortgage

The supervisor of banks in the Bank of Israel Hedva Bar has decided to increase from 12 to 24 days the period of validity of bids on mortgages issued by commercial banks.

The decision taken at the request of Knesset members Moshe Gafni («yaadut-Torah»), and Swarms of flowers («Kulan»), is intended to help buyers of apartments, giving them more time to select suitable conditions and paperwork, according to The Marker.

Manual should enter into force in the coming weeks.

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The Bank of Israel will double the validity period of the proposals on the mortgage 07.07.2017

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