The latest in the world of banks.
You may have been reading in the press that the government has told the banks to stop interest only lending, or at least try and encourage borrowers to make principle and interest repayments. It’s all true!
Most lenders will now only lend up to 80% of a property value if it is interest only payments and the interest rates have increased.
It makes a big impact to anyone out there thinking of purchasing a new investment property.