2019-03-15
Quote:
ANZ Banking Group is loosening some of the clamps it put on interest-only mortgage lending in 2017, after pledging to reopen the door to property investors following a period of excessive caution.
The big four lender on Thursday said it would again start offering customers an interest-only period of up to 10 years, up from five years now. It will also allow interest-only loans where a customer has a deposit of 10 per cent of a property's value, where previously it required a 20 per cent deposit.
https://www.smh.com.au/business/banking ... 514b3.html
Statistics: Posted by Blindjustice BATONEFFECT — Fri Mar 15, 2019 12:18 am