Banks pressuring customers to shift from interest-only

By Noel Whittaker
Updated May 15 2017 - 10:03am, first published April 21 2017 - 10:11am

The housing boom continues to generate headlines with a range of ideas continually being bandied about. Banning interest-only loans is the current hot favourite, with the financial services regulator putting pressure on lenders to slash the number of interest-only loans being approved.