Mortgage arrears up in all states and territories


According to the latest Standard & Poor's Performance Index (SPIN), Australian prime mortgages in arrears jumped from 1.07 per cent in December 2017 to 1.30 per cent in January 2018. While January often marks an increase in arrears, courtesy of higher December spending, S&P noted the sheer …


Ray Boulger: Retirement interest-only fixes FCA’s mistakes


The FCA wants to bring back retirement interest-only mortgages because it never considered the consequences of making interest-only mortgages less available, Ray Boulger, senior technical manager at John Charcol argued. He thought retirement interest-only mortgages are helpful and are being …

Tougher buy to let mortgage rules making it harder for landlords, new research shows


Tougher rules for buy to let mortgages in the UK has resulted in almost two thirds of landlords saying it is now harder to get a loan to buy a property. The changes introduced by the Prudential Regulatory Authority (PRA) saw lenders applying an interest cover ratio (ICR) of 5.5% to all products with terms …