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Australian banks warned on interest-only lending

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Australian Broker | 02 Sep 2014, 07:32 AM Agree 0
A ratings agency has issued a warning to Australian banks over higher risk loans
  • Tom | 02 Sep 2014, 02:47 PM Agree 0
    Mr Seroy, ever heard of an Offset Account??

    Oh, by the way, what's the default rate for I/O loans vs P&I loans?
  • marty | 02 Sep 2014, 03:06 PM Agree 0
    @Tom spot on my thoughts exactly.
  • SEQ BRoker | 04 Sep 2014, 10:19 AM Agree 0
    Hmm, I don't know if I agree with IO loans against o/o property.if clients need a lower payment for what ever reason, most lenders have those options available. Ergo, if the statistical boffins want to ban it, i'd be okay with that. IO loans against investment however is a no brainer so they need to be available.

  • Cynical | 04 Sep 2014, 11:02 AM Agree 0
    Whats every body getting so hot & bothered about.....theres no risk....Property prices ALWAYS go up in Australia....
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