Industry Changes To Interest-only Lending Set To Impact Households
The last 12 months have seen the mortgage industry face significant changes to compliance surrounding interest-only lending. In March 2017, The Australian Prudential Regulation Authority (APRA) introduced lending restrictions; namely, that lenders cap interest-only pathways to “no more than 30 percent of their total new housing loans in a given quarter” going forward. Drivers of [...]
